KR Earnings: Kroger Q4 adj. profit drops on lower sales; beats estimates
The Kroger Co. (NYSE: KR) reported a decline in adjusted earnings for the fourth quarter of 2024, as the grocery chain’s sales dropped 7%. Earnings exceeded Wall Street’s projections. The Cincinnati-headquartered company reported net sales of $34.31 billion for the January quarter, compared to $37.06 billion last year. Identical sales, without fuel, increased by 2.4%. … Read more