Kroger keeps Q1 profits up, continues digital development


Kroger Co. continued its longstanding momentum on identical store sales during its first fiscal quarter while continuing progress on digital programs.
Identical store sales without fuel were up 5.7% for the first fiscal quarter ending May 23, marking the 46th consecutive quarter with positive non-fuel comp sales growth.
“Our strong identical supermarket sales growth was driven by an increase in the number of households shopping with us in the first quarter. We also meant our goal to grow the number of loyal households at a faster rate than total household growth again in the quarter,” said Michael Ellis, Kroger president and COO, in a call with analysts.

Source: supermarketnews



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