Kroger reports fourth quarter and full-year 2022 results announces growth expectations for 2023

Fourth quarter highlights identical sales without fuel increased 6.2%(1) operating profit of $826 million; adjusted fifo operating profit of $1,274 million eps of $0.62; adjusted eps of $0.99 executed go-to-market strategy to deliver value for customers our brands identical sales increased 10.1% digital sales grew 12% fiscal 2022 highlights identical sales without fuel increased 5.6%(1) operating profit of $4.1 billion; adjusted fifo operating profit of $5.1 billion eps of $3.06; adjusted eps of $4.23 delivered adjusted eps growth of 15% cost savings exceeded $1 billion for fifth consecutive year significantly increased associate wages resulting in average hourly wage of $18 and rate of over $23 with comprehensive benefits factored in announced definitive merger agreement with albertsons companies, inc. cincinnati , march 2, 2023 /prnewswire/ -- the kroger co. (nyse: kr) today reported its fourth quarter and fiscal year 2022 results, provided 2023 guidance and updated investors on how leading with fresh and accelerating with digital continues to position kroger for long-term sustainable growth. comments from chairman and ceo rodney mcmullen "kroger achieved exceptional results in 2022 as we executed on our leading with fresh and accelerating with digital strategy, building on record years in 2020 and 2021.
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