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Kroger Accelerates Fresh in Third Quarter 2023 Results; Rodney McMullen Shares

Kroger Accelerates Fresh in Third Quarter 2023 Results; Rodney McMullen Shares


CINCINNATI, OH
Friday, December 1st, 2023

Kroger’s commitment to fresh products is admirable, especially with its attention on the cheese case. With the release of its third quarter 2023 results, the retailer details how it is Leading with Fresh and Accelerating with Digital to position itself for long-term sustainable growth.

Rodney McMullen, Chairman and Chief Executive Officer, Kroger"Kroger's third quarter results highlight the strength and diversity of our business model in a challenged operating environment, as strong fuel performance and growth in our alternative profit businesses supported continued adjusted net earnings per diluted share growth,” said Rodney McMullen, Chairman and Chief Executive Officer. “As consumer spending tightens, we are focused on providing customers with exceptional value. By maintaining our long-term commitment to lower prices, personalized promotions, and rewards, we are growing households and increasing loyalty, positioning Kroger for sustainable future growth. We appreciate our associates and continue to invest in wages, benefits, and training, which is resulting in continued improvements in our customer experience.”

Focus is currently trained on accelerating its fresh and digital impacts, Kroger noted several key highlights showcasing its success so far.

They include:

  • Celebrated six awards earned by Murray's Cheese varieties at the World Cheese Awards
  • Committed to increasing local products in stores by 10 percent following proposed merger with Albertsons
  • Committed to increasing local products in stores by 10 percent following proposed merger with Albertsons
  • Increased delivery sales by 20 percent over last year, led by Kroger Boost and Customer Fulfillment Centers
  • Grew digital sales by 11 percent

With its focus trained on accelerating its fresh and digital impacts, Kroger noted several key highlights showcasing its success so far

“Our model's strength allows us to navigate many economic environments. We remain committed to balancing investments in associates and greater value for our customers while continuing to generate attractive and sustainable returns for our shareholders,” added McMullen.

To read the release in its entirety and see what Chief Financial Officer Gary Millerchip had to say, click here.

Deli Market News will continue to report on the latest in retail.

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