Overview
U.S. food retailer's Q4 revenue rose 5% yr/yr; comparable store sales up 2.5%
Q4 net income fell 5.1% yr/yr; EPS nearly flat at $1.24
Sales growth driven by price investments, new stores, and higher e-commerce and pharmacy volume
Outlook
Company did not provide specific guidance for the current quarter or fiscal year
Result Drivers
PRICE INVESTMENTS - Co said sales growth was supported by significant price investments
E-COMMERCE AND PHARMACY - 21% increase in e-commerce sales and higher pharmacy volume after a competitor's exit boosted results
Company press release: ID:nPn4DNYb9a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$1.3 bln
Q4 Net Income
$31.96 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)