Kroger Third Quarter 2023 Earnings: EPS Misses Expectations

Kroger (NYSE:KR) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$34.2b (up 7.3% from 3Q 2022).

  • Net income: US$398.0m (down 17% from 3Q 2022).

  • Profit margin: 1.2% (down from 1.5% in 3Q 2022).

  • EPS: US$0.56 (down from US$0.64 in 3Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Kroger EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Kroger you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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