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.
"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:
“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.
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