Kroger: Reports Q3-2023 Results and Reaffirms Guidance

Cincinnati / OH. (tkc) The Kroger Company reported its third quarter 2023 results and updated investors on how the Company’s strategies continue to position Kroger for long-term sustainable growth.

Comments from Chairman and CEO Rodney McMullen

«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.

«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.

«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.»

For additional information please read the Company’s PDF file below (200 KB):

20231202-KROGER-Q3-2023.