CINCINNATI — Kroger Co. said Tuesday that it commit to making more local products available to its customers following its proposed merger with Albertsons Cos. Once the deal is consumated, the combined company will increase the number of local products in its stores by 10%, which equates to at least of 30 new local products
CINCINNATI — Kroger Co.’s first-quarter same-store sales and net earnings beat analysts’ projections, and the company reaffirmed its guidance for the year. Identical store sales, excluding fuel, increased by 3.5% for the quarter, topping analysts’ average forecast of a 3.27% gain. Kroger said identical store sales would have increased by 5.0% had it not been
CINCINNATI — Kroger reported first quarter sales and earnings that beat expectations, and the company raised its outlook for the full year. Kroger said that total company sales in the first quarter were $44.6 billion, compared to $41.3 billion for the same period last year. Excluding fuel, sales increased 3.8%. Identical Sales without fuel increased
CINCINNATI — Kroger announced at its 2022 Business Update in Orlando Friday that it will offer more Americans delivery through the addition of spoke facilities in Austin and San Antonio, Texas and Birmingham, Ala. powered by the Kroger Fulfillment Network and Ocado Group. As a continuation of Kroger’s successful entry into Florida in 2021 without physical stores, the new Texas and Alabama facilities will serve
CINCINNATI — Kroger delivered fourth-quarter results that topped expectations, with a total 3.7% sales gain (excluding fuel). Identical sales without fuel increased 4.0%, exceeding expectations for a 2.84% rise, and were up 14.6% on a two-year stack basis. Digital sales on a two-year stack grew 105%. Adjusted earnings per share of $0.91 also beat expectations.
CINCINNATI — Kroger Co. senior vice president of retail divisions Mark Tuffin is retiring after more than 26 years, effective April 1. He will be succeeded by Kenny Kimball, who is currently president of the Smith’s division. Kimball joined the organization in 1984 as a courtesy clerk in the Smith’s division. He went on to
CINCINNATI — Kroger Co.’s board of directors on Thursday authorized a new $1 billion share repurchase program, replacing the current authorization, which had approximately $157 million remaining as of December 29. “We are customer obsessed and focused on leading with fresh and accelerating with digital, which is building momentum in our business and will drive
CINCINNATI — The Kroger Co. released its 2021 Environmental, Social and Governance (ESG) report on Wednesday, sharing a new long-term ESG strategy and framework that the company said is designed to benefit people and the planet, and to help create a more resilient, equitable food system for tomorrow. “As a grocery retailer, Kroger is committed
CINCINNATI — Kroger Co. has tapped Valerie Jabbar, currently group vice president of center store merchandising, to succeed Steve McKinney as senior vice president of retail divisions. McKinney is set to retire, effective August 7, after more than 40 years with Kroger. McKinney began his career with with the retailer in 1981, taking a job
CINCINNATI — Kroger on Thursday reported first-quarter results that beat analysts’ expectations. The retailer also raised its guidance for the year and announced a new $1 billion share repurchase plan. “Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on
CINCINNATI — Kroger Co. executive vice president and COO Mike Donnelly is retiring later this spring, the company said Monday, adding that a succession plan will be announced at a later date. Donnelly has spent more than 42 years with Kroger. “With his relentless focus on the customer, Mike has led the organization to prioritize
CINCINNATI — Restock Kroger is delivering cost savings, improved shareholder returns, and a stronger competitive position, the retailer said Tuesday. “Through the Restock Kroger framework and intensity around operational excellence, we are achieving cost savings of over $1 billion each year and are investing savings back into the business with an emphasis on the customer