Kroger reports third quarter 2023 results and updates guidance

Third quarter highlights  identical sales without fuel decreased 0.6%; underlying identical sales without fuel increased 1.0%( 1) operating profit of $912 million; eps of $0.88 adjusted fifo operating profit of $1,022 million; adjusted eps of $0.95 achieved strong adjusted free cash flow leading to a net total debt to adjusted ebitda ratio of 1.40, compared to a target range of 2.3 to 2.5 executed its go-to-market strategy to deliver value for customers grew digital sales 11% increased total and loyal customer households cincinnati , nov. 30, 2023 /prnewswire/ -- the kroger co. (nyse: kr) today reported its third quarter 2023 results 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's third quarter results highlight the strength and diversity of our business model in a challenged operating environment, as strong fuel performance and growth in our alternative profit businesses supported continued adjusted net earnings per diluted share growth.
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