Kroger Company Shares Take Off After Q1 - Here's Why
Kroger Company Shares Take Off After Q1 - Here's Why
The FIFO gross margin rate, excluding fuel, decreased seven basis points year over year, owing to lower pharmacy margins and increased price investments. Kroger Company (NYSE:KR) shares are trading higher after the company reported first-quarter earnings results, recording adjusted FIFO operating profit of $1.499 billion.
Kroger公司（NYSE：KR）股票价格上涨，因公司报告了第一季度的财报，并录得15.99亿美元的调整后FIFO营业利润。
Quarterly sales totaled $45.3 billion, compared to $45.2 billion a year ago. Sales beat the street view of $45.04 billion.
季度销售额为453亿美元，比去年同期的452亿美元增长。其销售额超过了市场预期的450.4亿美元。
Kroger said it grew digital sales by more than 8%, with Delivery and Pickup combining for double-digit growth. For the first quarter, the gross margin was 22.4% of sales.
Kroger表示，数字销售增长超过8％，其中送货和自提结合增长两位数。第一季度的毛利率占销售额的22.4％。
The FIFO gross margin rate, excluding fuel, decreased seven basis points year over year, owing to lower pharmacy margins and increased price investments.
FIFO毛利率率（不包括燃料）同比下降了七个基点，低于药店利润率和增加的价格投资所致。
The LIFO charge, an inventory valuation method, for the quarter reduced to $41 million, compared to $99 million in the year-ago period, thanks to lower inflation expectations.
使用库存估值方法的LIFO收费在本季度减少到4,100万美元，而去年同期为9000万美元，这要归功于对通货膨胀预期的下调。
The company reported adjusted earnings per share of $1.43, beating the analyst consensus of $1.34.
公司报告调整后每股收益为1.43美元，超过分析师平均预期的1.34美元。
Kroger exited the quarter with cash plus temporary cash investments worth $2.8 billion. The company's long-term debt, including obligations under finance leases, is pegged at $12.02 billion. As of quarter end, its net total debt stood at $9.718 billion.
Kroger以28亿美元的现金加暂时性现金投资退出本季度。该公司的长期债务，包括经营租赁的义务，为120.2亿美元。截至本季度末，其净总债务为97.18亿美元。
The company expects to continue to pay its quarterly dividend and expects this to increase over time, subject to board approval.
公司预计将继续支付其季度股息，并期望在董事会批准后增加其季度股息。
Kroger has paused its share repurchase program to prioritize de-leveraging following the proposed merger with Albertsons Companies, Inc. (NYSE:ACI).
Kroger已暂停其股份回购计划，以优先偿还Albertsons Companies, Inc.（NYSE:ACI）提出的合并计划。
"The long-term investments we have made to strengthen and diversify our model enables us to manage economic cycles and gives us the confidence to deliver on our full-year outlook," said CEO Rodney McMullen.
首席执行官罗德尼·麦克马伦说：“我们长期以来不断加强和多元化模式的投资使我们能够管理经济周期，并让我们有信心实现我们本年度的预期。”
FY24 Outlook Reiterated: Kroger sees identical sales without fuel 0.25%–1.75%. The company projects adjusted EPS of $4.30-$4.50 for FY24 (consensus $4.43).
FY24展望重申：Kroger认为其可比销售额（不包括燃料）为0.25%至1.75%。公司预计FY24调整后每股收益为4.3-4.5美元（共识4.43美元）。
The company sees an adjusted free cash flow of $2.5 billion-$2.7 billion, with capital expenditures of $3.4 billion-$3.6 billion.
公司预计调整后的自由现金流为25亿至27亿美元，资本支出为34亿至36亿美元。
Price Action: KR shares are trading higher by 3.91% to $54.01 premarket at last check Thursday.
股票价格行情：KR股票价格上涨3.91％，报54.01美元，周四最后一次查看时为盘前交易。
Photo via Wikimedia Commons
照片通过Wikimedia Commons