KROGER Reports Positive Earnings Results for FY2023 Q4
March 18, 2023
Earnings Overview
On March 2 2023, KROGER ($NYSE:KR) reported their financial results for the fourth quarter of FY2023, ending January 31 2023. Total revenue was USD 450.0 million, a 20.5% decrease compared to the same period in the prior year. However, the company’s reported net income increased 5.4% to USD 34823.0 million year over year.
Share Price
On Thursday, KROGER reported positive earnings results for FY2023 Q4. The stock opened at $45.0 and closed at $45.7, representing a 5.4% increase from the previous closing price of 43.4. The positive results demonstrate KROGER’s success in navigating the difficult economic climate of the past year and its commitment to providing high-quality products and services to its customers.
Overall, KROGER’s results demonstrate that it is well-positioned to continue to be a leader in the grocery industry. The company’s solid financial performance coupled with its commitment to sustainability and customer service indicate that it is prepared for continued success in the future. Live Quote…
About the Company
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kroger. More…
| Operations | Investing | Financing |
| 4.31k | -3.02k | -2.29k |
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 |
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% |
Analysis
At GoodWhale, we recently conducted an analysis of KROGER‘s wellbeing. Using the Star Chart, we found that KROGER is strong in terms of profitability, and medium in asset, dividend, and growth. Furthermore, based on our analysis, we classified KROGER as a ‘rhino’, meaning a company that has achieved moderate revenue or earnings growth. Considering our findings, we believe that investors who are risk-averse may be interested in investing in KROGER. This is because KROGER has a high health score of 8/10, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy due to its cashflows and debt. Therefore, the company may be a desirable prospect to those who want to invest with a certain amount of security. More…
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 its earnings results for the fourth quarter of FY2023 on March 2 2023, with total revenue of USD 450.0 million and net income of USD 34823.0 million. The revenue was down 20.5% year-over-year, however, the net income saw an increase of 5.4%. Investors reacted positively to the news, with the stock price increasing on the same day. Overall, KROGER’s performance in Q4 of FY2023 was encouraging and suggests that the company is on track to continue its positive financial growth in the coming years.
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