MW Supermarket giant Kroger's downbeat profit view reflects factors 'outside our control'
Kroger Co. is the latest big store chain to issue a conservative outlook in the face the current economic uncertainties around tariffs and trade wars as the super market giant said it's facing factors "outside our control."
"Kroger is unable to provide a full reconciliation" of its earnings projections "without unreasonable effort because it is not possible to predict certain of our adjustment items with a reasonable degree of certainty," the company said Thursday.
"This information is dependent upon future events and may be outside of our control and its unavailability could have a significant impact on 2025...results," the company said.
For fiscal 2025, Kroger $(KR)$ is projecting earnings of $4.60 a share to $4.80 a share, below the analyst estimate of $4.82 a share.
For the fourth quarter, Kroger's adjusted earnings of $1.14 a share beat the FactSet consensus estimate of $1.11 a share.
Fourth-quarter revenue fell to $34.31 billion from 437.06 billion and came in a little below the analyst estimate of $34.57 billion.
Kroger Co.'s stock fell 2.2% in premarket trading.
(This is a developing news story with updates coming.)
-Steve Gelsi
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(END) Dow Jones Newswires
March 06, 2025 08:18 ET (13:18 GMT)
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