Kroger: Reports Fourth Quarter and Full-Year 2023 Results

Cincinnati / OH. (tkc) The Kroger Company reported fourth quarter and fiscal year 2023 results, provided 2024 guidance and updated investors on how the Company’s strategy continues to position Kroger for long-term sustainable growth. Chairman and CEO Rodney McMullen: «Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth.

«As customers manage macroeconomic pressures, we are lowering prices and offering even more ways to save with personalized promotions and rewards. Our unique seamless shopping experience provides customers the products they want, when and how they want them, with zero compromise on quality, convenience and selection.

«We respect and appreciate our associates who are delivering a full, fresh and friendly customer experience. Over the last five years, we’ve made historic investments in associate wages, benefits and career development opportunities, including significant investments to help stabilize associates’ future pension benefits.

«We are increasing customer visits and growing loyal households through the strength of our retail business, which positions Kroger for more ways to drive sustainable future growth. We expect to continue our momentum in 2024 by delivering value for customers, investing in associates and generating attractive and sustainable shareholder returns.»

For additional information please read the Company’s PDF file below (255 KB):

20240310-KROGER-Q42023.