Kroger (KR) Q4 Earnings Top Estimates, Identical Sales Fall Y/Y
KRKroger(KR) Zacks Investment Research·2024-03-08 00:56

The Kroger Co. (KR) came up with fourth-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. Both the metrics improved from the year-ago period. Additionally, the company witnessed a decline in identical sales without fuel. Kroger appears to be navigating a tough operating landscape, characterized by a tightening consumer spending environment. Also, the grocery industry is witnessing increased competition, with retailers actively working ...