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We note that identical sales without fuel rose 3.2%. E-commerce sales grew 15% during the quarter under discussion. Kroger’s gross margin expanded 100 basis points to 23%.
On the upside, the firm’s financial performance continues to hold up. Kroger reported a solid $2.7 billion profit on $147.1 billion of sales in 2024. Of that total, some $13 billion came from ...
The company reported e-commerce sales of $13bn in 2024. It has appointed Yael Cosset, currently senior vice-president (SVP) and chief information officer (CIO), to lead the new e-commerce division.
Kroger's stock surged due to Q2 2024 revenue and adjusted earnings exceeding expectations despite a miss on EPS. Learn more about KR stock here.
Kroger, the largest grocery chain in the U.S., is piloting an online store for customers in China through a partnership with Alibaba, according to Fortune.
Supermarket chain Kroger KR 0.20% said it is working to shift its purchasing of produce and other products to avoid the Trump administration’s tariffs. Kroger, which operates more than 2,700 ...
At least two Virginia Kroger stores will be among the 60 locations the Cincinnati, Ohio-based company plans to shutter over the next 18 months to improve efficiency and profitability. Kroger announced ...
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