KROGER Reports Fourth Quarter Earnings Results for FY2023 on March 2nd

March 18, 2023

Earnings Overview

On March 2 2023, KROGER ($NYSE:KR) reported its earnings results for the fourth quarter of FY2023 (ending January 31, 2023). Total revenue decreased by 20.5%, to USD 450.0 million, compared to the same quarter in the prior year. Reported net income increased by 5.4%, to USD 34823.0 million, compared to the same quarter the previous year.

Stock Price

The stock opened at $45.0 and closed at $45.7, representing an increase of 5.4% from the previous closing price of 43.4. KROGER‘s sales and earnings both beat expectations, which led to an overall positive sentiment in the market. The company also announced plans to invest heavily in its supply chain in order to further improve its delivery services and customer experience. Despite external factors such as rising commodity costs and higher payroll taxes, KROGER’s strategy of focusing on growth and innovation has paid off for the company and its shareholders. Moving forward, investors will be closely monitoring the company’s performance to see if it can continue to deliver strong financial results. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Kroger. More…

    Total Revenues Net Income Net Margin
    148.26k 2.24k 1.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Kroger. More…

    Operations Investing Financing
    4.31k -3.02k -2.29k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Kroger. More…

    Total Assets Total Liabilities Book Value Per Share
    49.54k 39.52k 13.91
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Kroger are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    6.6% 22.4% 2.3%
    FCF Margin ROE ROA
    0.8% 21.6% 4.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of KROGER‘s financials and classified them as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Based on this analysis, KROGER is strong in profitability, and medium in asset, dividend, growth. Moreover, KROGER has a high health score of 8/10 with regard to its cashflows and debt, which indicates that it is capable to safely ride out any crisis without the risk of bankruptcy. Given the company’s stable financials, KROGER may be an attractive investment for value investors looking for a long-term return. Investors who are looking for more growth and higher dividends may not be as interested in KROGER as the company’s performance is currently more moderate. However, investors seeking consistent returns and low volatility would be wise to consider KROGER as a potential investment opportunity. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis


  • Peers

    The Kroger Co is the largest supermarket chain in the United States. It operates 2,800 supermarkets and multi-department stores in 35 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s. Albertsons Companies Inc is the 2nd largest supermarket chain in the United States with 2,200 stores across 34 states and the District of Columbia. Sprouts Farmers Market Inc is the 3rd largest U.S. supermarket chain with 340 stores across 22 states. Grocery Outlet Holding Corp is the 4th largest U.S. supermarket chain with nearly 300 stores across 23 states.

    – Albertsons Companies Inc ($NYSE:ACI)

    Albertsons Companies Inc is a grocery store chain in the United States. It is the second-largest grocery store chain in the country after Walmart. The company has a market cap of 14.26B as of 2022 and a Return on Equity of 45.75%. Albertsons was founded in 1939 in Boise, Idaho. The company operates stores under the Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, and Carrs banners. The company also has a pharmacy chain, under the Albertsons Pharmacy banner.

    – Sprouts Farmers Market Inc ($NASDAQ:SFM)

    Sprouts Farmers Market Inc is a grocery store chain based in the United States. The company offers a variety of fresh and organic produce, meats, and other groceries. As of 2022, Sprouts Farmers Market Inc has a market cap of 3B and a Return on Equity of 21.14%. The company has been growing steadily in recent years, and its strong financial performance is expected to continue in the future.

    – Grocery Outlet Holding Corp ($NASDAQ:GO)

    Grocery Outlet Holding Corp is a publicly traded company that owns and operates a chain of discount grocery stores. The company was founded in 1946 and is headquartered in Emeryville, California. As of 2022, the company had a market cap of 3.22 billion and a return on equity of 6.43%. The company’s stores offer a wide variety of food and household products at discount prices.

    Summary

    Kroger reported strong earnings results for the fourth quarter of FY2023, with total revenue of USD 450.0 million and net income of USD 34823.0 million. This represented a 20.5% decrease in total revenue year-over-year, but a 5.4% increase in net income. The announcement was generally positive and the stock price reacted favourably, indicating investor confidence in Kroger’s financial performance and future prospects.

    Moving forward, investors should carefully consider the company’s financials and any news or developments that could impact its stock performance. If Kroger can continue to improve its financials, it could be a good long-term investment.

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