Kroger Sees FY24 Identical Sales Without Fuel 0.25%–1.75%, Adj. EPS $4.30 – $4.50 vs $4.55 Est.
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Kroger forecasts FY24 identical sales excluding fuel to range between 0.25% and 1.75%, with adjusted EPS projected at $4.30 to $4.50, compared to the estimated $4.55.
March 07, 2024 | 1:02 pm
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Kroger projects a modest growth in FY24 identical sales without fuel and anticipates adjusted EPS to be slightly below the estimated $4.55.
Kroger's forecast of FY24 identical sales growth and adjusted EPS indicates a cautious outlook, potentially due to market challenges or internal factors. The adjusted EPS being below the estimated $4.55 could lead to negative investor sentiment in the short term, impacting the stock price negatively.
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