When Kroger Co. (KR) releases its third-quarter fiscal year 2024 results on December 5, it will probably show a top-line boost.
Kroger Q3 Earnings Forecast
The Analysts' Consensus Estimate for earnings is $34,295 million, representing a 1% rise over the reported amount from the previous year.
The bottom line is also anticipated to improve every year. Over the last 30 days, the estimate for fiscal third-quarter revenue per share has remained steady at 98 cents. The consensus figure implies a 3.2% increase over the previous year's quarter.
The company's average following four-quarter revenue surprise is 8.2%, signaling a positive outlook for the earnings trend.
With fuel excluded, the Estimate for the overall sale to retail customers is $30,080 million, representing a 1.7% increase from the previous year. According to the consensus, sales with no fuel should increase by 1.8%. Nonetheless, supermarket fuel revenues are predicted to drop 8.4% annually to $3,760 million, while other retail sales are expected to reach $284 million, an increase from $272 million the previous year.
KR Revenue Ecosystem Seems Potent
By offering a wide range of new products and upholding a smooth digital ecosystem, Kroger continues to build on its core competencies. These strategic initiatives strengthen Kroger's competitive edge in the retail industry and improve customer satisfaction. This laser-like focus probably aided the company's strong third-quarter performance, which allowed it to keep up its momentum in a challenging retail climate.
Kroger is cautiously positive about its revenue outlook for the remaining half of the year. The company's focus on strategy is in line with its expectation that customers will prioritize food and necessities.
