Kroger reports fourth quarter and full-year 2021 results

Cincinnati, march 3, 2022 /prnewswire/ -- fourth quarter highlights identical sales without fuel increased 4.0%; two-year stack increased 14.6% digital sales two-year stack grew 105% eps of $0.75; adjusted eps of $0.91 operating profit of $965 million; adjusted fifo operating profit of $1,014 million fiscal 2021 highlights identical sales without fuel increased 0.2%; two-year stack increased 14.3% digital sales two-year stack grew 113% eps of $2.17; adjusted eps of $3.68 operating profit of $3.5 billion; adjusted fifo operating profit of $4.3 billion cost savings exceeded $1 billion for fourth consecutive year alternative profits contributed an incremental $150 million of operating profit significantly increased associate wages resulting in average hourly wage of $17 and average hourly rate of over $22 with comprehensive benefits factored in full year 2022 guidance highlights identical sales growth without fuel of 2.0% to 3.0% adjusted eps of $3.75 to $3.85 adjusted fifo operating profit of $4.2 billion to $4.3 billion the kroger co. (nyse: kr) today reported its fourth quarter and fiscal year 2021 results and provided 2022 guidance. tomorrow during kroger's 2022 business update, the company will update investors on how key initiatives are positioning the company for long-term sustainable growth.
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