Kroger reports second quarter 2023 results and reaffirms guidance

Second quarter highlights identical sales without fuel increased 1.0% with underlying growth of 2.6%( 1) operating loss of ($479) million; eps of ($0.25) includes a $1.4 billion charge ($1.54 loss per share) for nationwide opioid settlement framework adjusted fifo operating profit of $989 million; adjusted eps of $0.96 achieved strong adjusted free cash flow leading to a record low net total debt to adjusted ebitda ratio executed its go-to-market strategy to deliver value for customers grew digital sales 12% increased total and loyal customer households cincinnati , sept. 8, 2023 /prnewswire/ -- the kroger co. (nyse: kr) today reported its second quarter 2023 results, reaffirmed 2023 guidance and updated investors on how leading with fresh and accelerating with digital continues to position kroger for long-term sustainable growth.
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