Kroger results7 Mar 2024 13:40
Shares of Kroger Co. KR leaped 5.% in premarket trading Thursday toward 22-month high, after the grocery chain reported fiscal fourth-quarter profit and same-store sales that beat expectations, and indicated it was still pursuing its acquisition of Albertsons Companies Inc. ACI despite regulatory pushback. Net income for the quarter through January rose to $736 million, or $1.01 a share, from $450 million, or 62 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.34 beat the FactSet consensus of $1.13. Sales grew 6.4% to $37.064 billion, in line with the FactSet consensus...