Kroger said total sales for Q3 2024 decreased 1.0% from a year earlier, citing lower supermarket fuel sales and the sale of Kroger Specialty Pharmacy as the main factors. Total sales excluding fuel and Kroger Specialty Pharmacy rose 2.7%.

1. 01

   Kroger said total sales for Q3 2024 decreased 1.0% from a year earlier, citing lower supermarket fuel sales and the sale of Kroger Specialty Pharmacy as the main factors. Total sales excluding fuel and Kroger Specialty Pharmacy rose 2.7%.

2. 02

   The company said operating profit for Q3 2024 was $828 million, or 2.5% of sales, below $912 million, or 2.7%, a year earlier. It cited higher OG&A and depreciation and amortization expenses as a percentage of sales and lower fuel operating profit as factors.

3. 03

   Kroger said diluted earnings per share for Q3 2024 were $0.84, down 4.5% from 0.88 a year earlier, while adjusted diluted earnings per share were $0.98, up 3.2%.

4. 04

   The company said it issued $10.5 billion of senior notes in Q3 2024, and that interest expense on these notes was offset by interest income earned on the proceeds. It also said interest payments on the notes are due at the beginning of fiscal 2025.

Key figures

Quarter ended November 9, 2024

Revenue

$33.6B

Operating income

$828M

Net income

$618M

EPS

$0.84

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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