Solid First-Quarter Results
The Kroger Co. announced strong first-quarter results with identical sales, excluding fuel and adjustment items, increasing by 3.2%. Adjusted net earnings per diluted share increased by 4% to $1.49.
Growth in E-commerce
E-commerce sales grew by 15% in the first quarter, driven by strong demand and delivery. This represents a significant impact on results, with improvements in order accuracy and reduced pickup wait times.
Strong Performance in Fresh and Pharmacy Segments
Fresh identical sales outperformed center store sales, supporting overall sales growth. Pharmacy sales were also strong, contributing significantly to identical sales growth.
Strategic Investments in Customer Experience
Investments in projects that grow the core business, accelerate new store openings, and reduce costs are expected to reinvest savings into lower prices and additional store hours.
Our Brands Outperforming National Brands
Our Brands grew faster than national brands for the seventh consecutive quarter, with Simple Truth and Private Selection leading sales growth. New product introductions, like 80 new protein products, were highlighted.
Labor Relations Progress
Significant progress on labor agreements was noted, with new agreements covering more than 23,000 associates ratified.