Kroger Affirms FY24 Adj. EPS Outlook $4.30-$4.50 Vs. $4.44 Estimate, Sees Identical Sales +0.75% to +1.75%
Portfolio Pulse from Benzinga Newsdesk
Kroger reaffirms its FY24 adjusted EPS outlook of $4.30-$4.50, slightly below the $4.44 estimate. The company expects identical sales growth of 0.75% to 1.75% and capital expenditures of $3.6-$3.8 billion.
September 12, 2024 | 12:04 pm
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Kroger reaffirms its FY24 adjusted EPS outlook of $4.30-$4.50, slightly below the $4.44 estimate. The company expects identical sales growth of 0.75% to 1.75% and capital expenditures of $3.6-$3.8 billion.
Kroger's reaffirmation of its FY24 EPS outlook aligns closely with analyst estimates, suggesting stability in its financial performance. The identical sales growth forecast and capital expenditure plans indicate a steady operational strategy. The reaffirmation is neutral as it meets expectations without significant surprises.
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