Kroger: Reports Q3-2020 Results and Updates Guidance

Cincinnati / OH. (tkc) The Kroger Company reported its third quarter 2020 results, provided a Restock Kroger progress update on the three-year transformation plan, and an update to its Covid-19 response.

Comments from Chairman and CEO Rodney McMullen

«Our Kroger family of associates have been nothing short of incredible during the pandemic and they continue to inspire me every day. I am proud of our dedicated associates who continued to diligently execute our Restock Kroger transformation while serving our customers when they need us most.

«We delivered strong results in the third quarter. Customers are at the center of everything we do and sales remain elevated as we continue to enhance our competitive moats – Fresh, Our Brands, Data + Personalization and Seamless. We are executing against our strategy even during the pandemic and continue to grow market share.

«The strong underlying momentum in our core supermarket business and acceleration in the growth of our alternative profit business demonstrates we are successfully transforming our business model to deliver consistently strong and attractive total shareholder return in 2020 and beyond.»

For further information please view the company’s statement (PDF | 146 KB):