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 for
WASHINGTON – The National Retail Federation today released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. Longtime No. 1 Walmart held its top position with $499.65 billion in U.S. retail sales
CINCINNATI — The Kroger Co. said Thursday that, upon the completion of its merger with Albertsons Cos., the combined company will donate 10 billion meals by 2030 to feed people struggling with hunger. Ten billion meals is enough food to feed every person in the cities of Seattle, Denver, Chicago and Boston every meal, every day, for nearly two years. “Our
LAS VEGAS — Kroger Co. strives to turn members of its workforce into “people champions” by creating an environment that allows associates to excel and advance while being personally fulfilled, the company’s chief people officer and senior vice president Tim Massa explained at the Society for Human Resource Management’s 2023 annual meeting here. “Kroger is
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 announced last week that its recycling program has hit a major milestone, recycling more than one million pieces of Our Brands flexible plastic product packaging. The company shared it is offering customers more items with upcycled ingredients with the addition of two new Simple Truth products to advance sustainability. “We are continually
CINCINNATI — Kroger Co. last month opened its latest fulfillment “spoke” in Austin, Texas, allowing the grocery retailer to expand the reach of a customer fulfillment center (CFC) already operating in the Dallas area and powered by technology from U.K.-based Ocado Group PLC. “Austin is one of the fastest-growing cities in the country, and we
CINCINNATI — Kroger Co. reported solid sales growth for its fourth quarter and fiscal year ended January 28. For the fourth quarter, net sales increased 5.9% to $34.82 billion. Comparable-store sales (excluding fuel) increased 6.2% from a year ago. Fourth quarter sales of its Our Brands merchandise increased 10.1%. Kroger in the quarter celebrated the
NEW YORK — Rodney McMullen, chairman and chief executive officer of Kroger Co., shared insights into the supermarket retailer’s purpose of “feeding the human spirit” in a marquee session at the NRF Big Show earlier this month. “At Kroger, we succeed by giving a great experience to the customer, investing in associates and making an
CINCINNATI — While Kroger Co. is best known as the nation’s grocer, the company is also a potent force in health care, with 2,255 pharmacies and 226 clinics across the U.S. The drive is under way to maximize synergies between the two sides of the business, positioning “food as medicine” as a means to keep
CINCINNATI — Kroger Co. now offers its customers the ability to order floral bouquets or sushi from its stores and get them delivered to their homes right away by DoorDash. “By offering customer-favorite sushi options and premium floral bouquets through third-party marketplaces we are continuing to evolve and meet customers where and how they are
CINCINNATI — Rodney McMullen, chairman and chief executive officer of Kroger Co., was joined by Albertsons Cos.’ CEO Vivek Sankaran last month in defending the companies’ proposed merger before a U.S. Senate subcommittee, whose members raised concerns over whether a combination of the nation’s two largest supermarket chains would harm consumers and workers. A merger