ISSAQUAH, Wash. — Costco Wholesale Corp. announced today that chief financial officer Richard Galanti intends to step down from that role, effective March 15. Gary Millerchip, who has served as senior vice president and chief financial officer at Kroger Co., will succeed Galanti as Costco CFO. Galanti will remain with Costco through January 2025, serving
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 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. posted second-quarter results that topped forecasts. Identical store sales (excluding fuel) declined 0.6% but increased 14.0% on a two-year stack basis. The two-year stack for digital sales grew 114%. The company also said that its alternative profit business continued its strong growth, tracking toward the high end of annual expectations. “Our
CINCINNATI — Kroger Co. has promoted Rob Quast to head of investor relations. “Rob is a seasoned financial professional and respected leader within Kroger,” said Gary Millerchip, Kroger’s chief financial officer. “Rob’s experience will be invaluable as we continue to share our strategy for delivering strong and sustainable total shareholder returns with our investment community.” Quast
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. on Thursday reported solid fourth-quarter results that included an identical store sales gain of 10.6% (excluding fuel) and digital sales growth of 118%. “I am incredibly humbled by the strength of our associates and what we continue to accomplish together,” Kroger chairman and CEO Rodney McMullen said. “Our customers are at