Kroger Company: achieves solid Q1-2023 financial results

Cincinnati / OH. (tkc) The Kroger Company reported its first quarter 2023 results, reaffirmed 2023 guidance for identical sales without fuel and adjusted EPS 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 first quarter results guided by the execution of our Leading with Fresh and Accelerating with Digital strategy. As more customers are feeling the effects of inflation and economic uncertainty, we are growing customer households by providing fresher products at affordable prices with personalized rewards. Our amazing associates are bringing this strategy to life every day by delivering a full, fresh and friendly shopping experience with zero compromise on quality, selection and convenience. Looking forward, Kroger’s go-to-market strategy positions us well in a wide range of economic environments to continue to deliver for our customers, invest in our associates and achieve sustainable and attractive returns for shareholders.»

For further information please view the company’s statement (PDF | 145 KB):

20230616-KROGER-Q1-2023.