The Kroger Co. (NYSE: KR) reported decrease adjusted earnings for the second quarter of 2024, whereas the grocery chain’s gross sales remained unchanged. Earnings exceeded Wall Road’s projections.
The Cincinnati-headquartered firm reported web gross sales of $33.9 billion for the July quarter, which is broadly unchanged from the year-ago quarter. An identical gross sales, with out gas, elevated by 1.2%.
Web earnings, excluding particular objects, decreased to $0.93 per share within the second quarter from $0.96 within the year-ago quarter, however beat estimates. On an unadjusted foundation, web earnings have been $466 million or $0.64 per share in Q2, in comparison with a lack of $180 million or $0.25 per share final yr.
