Kroger Reports Q3 Beat, Provides Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/KR'>Kroger (NYSE:KR)</a> reported its Q3 results, with EPS of $0.88 coming in better than the Street estimate of $0.81. Revenue was $34.2 billion, compared to the Street estimate of $34.02 billion.</p>
<p>ID sales accelerated both on a one- and three-year basis (110 bps and 171 bps, sequentially), and momentum has carried forward quarter-to-date with market share trends improving. </p>
<p>The company is seeing meaningful growth in its loyal households, which is a result of both its strategic initiatives (e.g. Own Brands, fresh assortment, personalization, delivery/pickup) and a broad assortment across all price points, attracting both high- and lower-income households. The company provided its fiscal 2023 outlook, expecting EPS in the range of $4.05-$4.15, compared to the Street estimate of $4.08.</p>

NYSE:KR