HUTCHINSON, Kan. — Kroger announced its fourth quarter and year end earnings on Thursday.
The parent company of Dillons reported sales of $33.0 billion in the fourth quarter, compared to $30.7 billion for the same period last year.
Total company sales, excluding fuel, increased 3.7% compared to the same period last year.
Earnings per share totaled $3.68 compared with $3.47 per share in 2021 and operating profit totaled $3.5 billion compared with $2.8 billion the previous year.
"Kroger's 2021 results demonstrate the strength of our value creation model, and in 2022 we expect to build on this momentum,” Kroger CFO Gary Millerchip said. "We expect to grow identical sales without fuel by 2.0% to 3.0% and grow adjusted net earnings per share to between $3.75 to $3.85. This guidance contemplates continued investments in our associates and customers, balanced with cost savings and growth in alternative profits.
For the fiscal year sales were $137.9 billion in 2021, compared to $132.5 billion in 2020.
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