- Kroger’s adjusted earnings per share (EPS) for Q3 matched expectations, coming in at 98 cents.
- The reported EPS was 84 cents.
- Kroger experienced a total sales figure of $33.63 billion, which was slightly below the estimated $34.16 billion.
- Identical-store sales, excluding fuel, grew by 2.3%, surpassing the estimated increase of 1.72%.
- The company’s gross margin stood at 22.9%, higher than the projected 22.3%.
- Kroger’s operating profit was $828 million.
- The adjusted FIFO operating profit was reported at $1.02 billion, slightly below the expected $1.03 billion.
- Kroger’s pharmacy and digital sectors contributed significantly to its strong sales performance in the third quarter.
- Analyst ratings for Kroger include 12 buys, 10 holds, and 1 sell.
Kroger Co on Smartkarma
Analysts on Smartkarma, like Baptista Research, have been covering Kroger Co‘s recent performance. In a report titled ‘The Kroger Co.: An Insight Into Its Competitive Positioning,’ the research highlights a mixed performance by the company in the second quarter of 2024. Kroger is focusing on a strategic operating model that emphasizes customer-centricity and internal efficiencies, aiming to stay competitive, especially with its in-house brands. The report also mentions revenue growth achieved through digital sales channels and personalized promotions.
A look at Kroger Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for Kroger Co is looking promising based on the Smartkarma Smart Scores analysis. With a strong Growth score of 4 and Momentum score of 4, the company seems to be positioned well for future expansion and performance. This indicates a positive trajectory for Kroger Co in terms of its potential to grow and maintain market momentum.
However, the company’s Resilience score of 2 suggests some level of vulnerability to external economic challenges. Despite this, the balanced Value and Dividend scores of 3 each signify stability and decent financial health. Overall, Kroger Co appears to be on a solid footing with room for growth and a focus on shareholder returns, painting a favorable picture for its long-term prospects in the grocery retail sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
