Prior to its most recent statement regarding the terminated merger with Albertsons, Kroger reported its third-quarter financial results. In the report, the retailer announced that it narrowed its guidance range and updated investors on how Kroger is positioned for long-term sustainable growth.
"Kroger achieved strong sales results in the third quarter led by our pharmacy and digital performance, which reflects the strength and diversity of our model," said Chairman and Chief Executive Officer Rodney McMullen. "We continued to grow total households this quarter by delivering exceptional value for customers, with low prices, personalized offers, and great quality Our Brands products, all through a seamless shopping experience. We appreciate our associates for their continued efforts to elevate the customer experience, delivering on our key priorities of full, fresh, and friendly."
McMullen continued, stating, "While we expect the macroeconomic environment to remain uncertain near-term, the strength of our model gives us confidence in our ability to deliver value for customers and invest in our associates while generating attractive and sustainable returns for shareholders."
Kroger shared the following third quarter highlights in a press release:
More information from the report can be found here.
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