5 Must-See Takeaways From Kroger Earnings
Kroger (NYSE: KR) released impressive fourth-quarter results on Thursday morning. Not only did its adjusted earnings per share come in higher than expected, but the company said it expects more same-store sales growth in 2023. The results were notable, particularly when viewed next to the stock's conservative valuation, evidenced by its price-to-earnings ratio of 14 and its meaningful dividend yield of 2.4%.
Here's a closer look at some of the most important takeaways from the grocer's quarterly update.
This increase in fourth-quarter same-store sales, which adjusts to exclude fuel sales, was lower than the 6.9% same-store sales growth the company posted in Q3 but higher than the 5.8% growth it saw in Q2. This increase in same-store sales played a significant role in the company's 5.5% increase in total sales for the quarter.
Source Fool.com
