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The Kroger Co. (NYSE:KR ) Q4 2024 Earnings Call Transcript March 6, 2025 10:00 AM ET Company Participants Robert Quast - VP, IR Ron Sargent - Interim CEO Todd Foley - Interim CFO Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Rupesh Parikh - Oppenheimer Ed Kelly - Wells Fargo Ken Goldman - JPMorgan Karen Short - Melius Research Chuck Cerankosky - Northcoast Research Krisztina Katai - Deutsche Bank Joe Feldman - Telsey Advisory Group Kelly Bania - BMO Operator Good morning, and welcome to The Kroger Co. Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

The Kroger earnings report showed a less-than-feared decline. Kroger stock jumped as online grocery sales grow double digits.

KR's fourth-quarter results reflect a year-over-year sales decline. Nonetheless, 2025 plans include new stores, dividend growth and buybacks to drive momentum.

Kroger (KR) shares are jumping Thursday morning as the grocery chain's better-than-expected quarterly earnings offset a soft outlook.

Kroger (KR) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.34 per share a year ago.

Grocery chain giant Kroger (KR -1.03%) reported mixed fourth-quarter and full-year 2024 results on Thursday, March 6. Adjusted EPS was $1.14, topping consensus expectations while matching last year's figure.

Kroger's fiscal 2025 projection falls short of analyst estimates as the latest big store chain to issue downbeat guidance.

Fourth Quarter Highlights Identical Sales without fuel increased 2.4% Operating Profit of $912 million; EPS of $0.90 Adjusted FIFO Operating Profit of $1,174 million and Adjusted EPS of $1.14 Delivered 11% digital sales growth, excluding the 53rd week in 2023 Fiscal 2024 Highlights Identical Sales without fuel increased 1.5% Operating Profit of $3.8 billion; EPS of $3.67 Adjusted FIFO Operating Profit of $4.7 billion and Adjusted EPS of $4.47 Delivered more than $13B in digital sales 17% increase in Media, excluding the 53rd week in 2023, contributed to $1.35B in Operating Profit from Alternative Profit Businesses Increased associate wages resulting in average hourly wage of more than $19 and rate of more than $25 with comprehensive benefits factored in, which is a 38% increase in rate in the last seven years Commenced a $5.0B Accelerated Share Repurchase Program to be completed under Kroger's $7.5B share repurchase authorization CINCINNATI , March 6, 2025 /PRNewswire/ -- The Kroger Co

The supermarket giant continues to push various growth initiatives despite higher grocery prices hitting the pocketbooks of consumers.

Major grocery retailers are on tap after Target said higher produce prices from Trump tariffs could come in days. Costco earnings are due late Thursday.