Kroger: announces solid Q2-2024 financial results

Cincinnati / OH. (tkc) The Kroger Company reported its second quarter 2024 results, reaffirmed guidance and updated investors on how «Leading with Fresh and Accelerating with Digital» continues to position Kroger for long-term sustainable growth.

Chairman’s respective CEO’s Statement

Comments from Chairman and CEO Rodney McMullen: «Kroger achieved solid results in the second quarter demonstrating the strength and resiliency of our model. We are growing households and increasing customer visits by offering a compelling combination of affordable prices and personalized promotions on great quality products, all through a unique seamless experience. We appreciate our associates for their focus on full, fresh and friendly, which elevates the customer experience.

«Our long-term model is to consistently invest to lower prices so more customers shop with us, which in turn fuels our alternative profit businesses and drives greater efficiencies This flywheel enables Kroger to deliver exceptional value for customers and investing in our associates, and by doing so, we are well-positioned to generate attractive and sustainable returns for shareholders.»

McMullen’s comment on the pending merger with Albertsons: «As we near the close of the FTC’s preliminary injunction hearing, we are confident in the facts and the strength of our position. The food industry has always been competitive and will continue to be after this merger. We are committed to closing this merger because bringing Kroger and Albertsons together will provide meaningful and measurable benefits – lower prices, secure jobs and expanded access to fresh, affordable food – for customers, associates, and communities across the country.»

For further information please view the company’s statement (PDF | 194 KB):

20240914-KROGER-Q22024.