Earnings release
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Kroger Kroger Reports Third Quarter 2021 Results and Raises Full - Year Guidance Third Quarter Highlights • • • • • Identical Sales without fuel increased 3.1 % ; two - year stack increased 14.0 % Digital Sales two - year stack grew 103 % EPS of $ 0.64 ; Adjusted EPS of $ 0.78 Operating Profit of $ 868 million ; Adjusted FIFO Operating Profit of $ 974 million Alternative profit business delivered record third quarter operating profit CINCINNATI , December 2 , 2021 -- The Kroger Co. ( NYSE : KR ) today reported its third quarter 2021 results and will update investors on how key initiatives are positioning the company for long - term sustainable growth . Comments from Chairman and CEO Rodney McMullen " Kroger's strategy to lead with fresh and accelerate with digital continues to connect with our customers . Our agility , and the commitment from our amazing associates , is allowing us to navigate current labor and supply chain conditions and provide the freshest food at affordable prices across our store and digital ecosystem . " Our focus on execution , combined with our continued discipline in balancing investments in our associates and customers with exceptional cost management , and growth in our alternative profit business allowed us to exceed internal expectations and deliver strong sales and earnings growth . " Across all aspects of our business , we are innovating and executing with speed against the key initiatives that are transforming our business . Kroger is in a position of strength . We are committed to delivering for our associates , customers , and communities , and we remain confident in our ability to deliver total shareholder returns of 8 % to 11 % over time . ” Third Quarter Financial Results 3Q21 ( $ in millions ; except EPS ) 3Q20 ( $ in millions ; except EPS ) ID Sales * ( Table 4 ) 3.1 % 10.9 % EPS $ 0.64 $ 0.80 Adjusted EPS ( Table 6 ) $ 0.78 $ 0.71 Operating Profit $ 868 $ 792 1