(Boursier.com) — Kroger , the American distribution chain, expects adjusted earnings per share ranging from $4.30 to $4.50 for the 2024 fiscal year just started, compared to a market consensus of $4.28. In the fourth fiscal quarter of 2023 which has just ended, the group achieved adjusted earnings per share of $1.34, compared to a consensus of $1.12 and a level of $1.14 a year before. Revenues were $37.1 billion, while analysts on average expected a level of $36.7 billion. Like-for-like sales excluding gasoline for the next financial year are expected to increase modestly by 0.25 to 1.75%. Adjusted free cash flow is expected between $2.5 billion and $2.7 billion.
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