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Kroger chairman and CEO Rodney McMullen

Kroger beats estimates, raises outlook

Kroger beats estimates, raises outlook

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

Kroger expands fulfillment network

Kroger expands fulfillment network

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

Kroger’s Q4 results beat expectations

Kroger’s Q4 results beat expectations

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.

Kroger announces leadership changes

Kroger announces leadership changes

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

Kroger board okays $1 billion stock buyback

Kroger board okays $1 billion stock buyback

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

Kroger details its environmental, social strategy

Kroger details its environmental, social strategy

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

Kroger taps Jabbar as SVP of retail divisions

Kroger taps Jabbar as SVP of retail divisions

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

Kroger’s first quarter results top expectations

Kroger’s first quarter results top expectations

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

Kroger EVP and COO Mike Donnelly to retire

Kroger EVP and COO Mike Donnelly to retire

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

Kroger says strategy delivering for shareholders

Kroger says strategy delivering for shareholders

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

Kroger names Arreaga SVP of supply chain

Kroger names Arreaga SVP of supply chain

CINCINNATI — Kroger Co. has named Gabriel Arreaga senior vice president of supply chain, effective October 1. He succeeds Robert Clark, senior vice president of supply chain, manufacturing and enterprise sourcing, who is retiring from the company on February 1 after more than 35 years of service. “We thank Robert for his 35 years of

Kroger adds 100,000 workers in eight weeks

Kroger adds 100,000 workers in eight weeks

CINCINNATI – Kroger Co. has hired more than 100,000 people in the past eight weeks, the company said Thursday, providing new career opportunities to workers from such hard-hit sectors as restaurants, hotels and food service distributors. “Throughout the pandemic, Kroger’s top priority has been to provide and maintain a safe environment for our associates and