The Kroger Co reported earnings of $0.49 per diluted share, before one-time items, for the fourth quarter ended Feb 1, 2003. These results are equal to
The Kroger Co reported earnings of $0.49 per diluted share, before one-time items, for the fourth quarter ended Feb 1, 2003. These results are equal to the year-ago quarter on the same basis. One-time items during the quarter included expenses of $7.6 million pre-tax associated with systems conversions and other merger-related items, and income of $15.2 million pre-tax from the mark-to-market of the excess energy contracts in California.
Collectively, these one-time items increased Kroger's fourth-quarter net earnings by $7.6 million pre-tax or $4.5 million after tax ($0.01 per diluted share). Including these items, net earnings for the fourth quarter of fiscal 2002 were $381.0 million, versus $368.5 million a year ago.
Total sales for the fourth quarter of fiscal 2002 increased 2.8% to $12.5 billion.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...
Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...
Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.