Kroger Company The
- The Kroger Co. inched up 0.4% to $67.48 after the food retailer reported a 30% increase in net income in the fiscal second quarter ending on August 16.
Consolidated revenue inched higher to $33.94 billion from $33.91 billion, net income climbed to $609 million from $466 million, and diluted earnings per share soared to 91 cents from 64 cents a year ago.
The company reported a 16% increase in e-commerce sales.
In the fiscal fourth quarter of 2024, Kroger launched a $5 billion accelerated share repurchase program, expected to be completed in the third quarter of fiscal 2025.
The ASR is part of a $7.5 billion share repurchase authorization, with the remaining $2.5 billion planned for open market repurchases by the end of FY2025.
Kroger guided full-year identical sales without fuel to be between 2.7% and 3.4%, operating profit between $4.8 billion and $4.9 billion, earnings per share between $4.70 and $4.80, and an effective tax rate of 18.5%.
Sep 12, 2025
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