Kroger: Delivers Strong Q1-2021 Results and Raises FY Guidance

Cincinnati / OH. (tkc) The Kroger Company reported its first quarter 2021 results and will update investors on how Leading with Fresh and Accelerating with Digital initiatives are positioning Kroger for long-term sustainable growth.

Comments from Chairman and CEO Rodney McMullen

«Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on leading with fresh and accelerating with digital. I am incredibly proud of our amazing associates who continue to be there for our customers, communities, and each other when they need us most and who strive to deliver a full, fresh, and friendly experience to every customer, every time.

«Kroger’s strong execution delivered identical sales results in the first quarter that exceeded our original expectations. Customers are responding to the investments we have made in digital, as evidenced by our triple-digit growth in digital sales since the beginning of 2019. We were disciplined in driving costs out of the business and we achieved record growth in Kroger’s alternative profit business, demonstrating the power and attractiveness of our long-term model.

«We are raising our guidance based on the strength of our results and we remain confident in our ability to deliver consistently attractive total shareholder return.»

For further information please view the company’s statement (PDF | 148 KB):

20210618-KROGER-Q1-2021
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