$0.78
Adjusted Net Earnings Per Diluted Share in Q3 2021
Third quarter net earnings were $483 million, or $0.64 per diluted share. Adjusted net earnings were $589 million, or $0.78 per diluted share. Identical sales, without fuel, increased 3.1%. On a two-year stack basis, identical sales, without fuel, increased 14.0%. Digital sales grew 103% on a two-year stack basis. 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. 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.