Kroger Posts 5th Consecutive Double-Digit Earnings Beat | KR Stock

Kroger (KR) is trading up massively after the company posted its fifth consecutive double-digit earnings beat in Q4 as well as another quarter of positive identical sales growth. Perhaps most notably, the largest US grocery retailer also smashed estimates with its FY23 EPS guidance of $3.75-3.85, translating to about 3% growth at the midpoint Y/Y. Although that may not seem like much, as prices continue to rise, Kroger's earnings guidance shows its ability to counter strong inflationary pressures. Kroger also sees a massive trend shift in consumer tastes that will affect other industries, too.

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