The Associated Press reports that Kroger yesterday reported Q4 earnings that were up from $422 million during the period a year ago to $518 million during the most recent quarter, on revenue that was up to $25.21 billion from $23.2 billion. The company was expected to earn 90 cents a share on sales of $25.18 billion, on same-store sales, excluding fuel, that were up six percent.
For the just-completed fiscal year, Kroger reported a $1.7 billion profit, up 13.8 percent from the previous year, on sales of $108.5 billion that were up 10,3 percent. same store sales for the year were up 5.2 percent.
The story notes that the results "mark the 45th straight quarter of identical stores growth – more than 11 years of increasing sales at stores open at least 15 months."
For the just-completed fiscal year, Kroger reported a $1.7 billion profit, up 13.8 percent from the previous year, on sales of $108.5 billion that were up 10,3 percent. same store sales for the year were up 5.2 percent.
The story notes that the results "mark the 45th straight quarter of identical stores growth – more than 11 years of increasing sales at stores open at least 15 months."
- KC's View:
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For the three or four MNB readers who think that the site ought to be about stock price, I want to note here for the record that these results propelled Kroger's stock to an all-time high, and its share price has almost doubled in the past year.
