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Kroger Reports Fourth Quarter and Full-Year 2023 Results; Rodney McMullen Shares

Kroger Reports Fourth Quarter and Full-Year 2023 Results; Rodney McMullen Shares

Tuesday, March 12th, 2024

Fourth quarter and full-year 2023 results are officially in for Kroger, unveiling strong company sales topping $37 billion.

Rodney McMullen, Chairman and Chief Executive Officer, Kroger"Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth,” remarked Chairman and Chief Executive Officer Rodney McMullen. “As customers manage macroeconomic pressures, we are lowering prices and offering even more ways to save with personalized promotions and rewards. Our unique seamless shopping experience provides customers the products they want, when and how they want them, with zero compromise on quality, convenience, and selection.”

Key highlights from the report include:

  • Total company sales were $37.1 billion in the fourth quarter, including $2.7 billion from the 53rd week, compared to $34.8 billion for the same period last year
  • Gross margin was 22.7 percent of sales for the fourth quarter
  • Executed its go-to-market strategy to deliver value for customers
  • Grew digital sales by more than 10 percent, excluding the 53rd week

Kroger recently reported its fourth quarter and full-year 2023 results

“We are increasing customer visits and growing loyal households through the strength of our retail business, which positions Kroger for more ways to drive sustainable future growth. We expect to continue our momentum in 2024 by delivering value for customers, investing in associates, and generating attractive and sustainable shareholder returns,” McMullen added.

To see more from the report, click here.

This report reveals strong company growth as the debates continue to swirl around Kroger and Albertsons’ impending merger.

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