CINCINNATI-Kroger posted strong sales and earnings gains for its most recent quarter due to improved operations at its stores, according to executives. Same-store sales including fuel sales for the period, which ended May 20, rose 7.2% year over year. Without fuel, they rose 5.4%.

Improved customer service, cleanliness and quicker checkout times all helped results, said David Dillon, the grocer’s CEO, during a conference call with investors and analysts. “Our very best customers are buying more from us,” he says. “We’re running better stores.”

Kroger opened 16 units and renovated 39. The company also closed 36 stores, 16 of which are in the San Francisco and Sacramento, CA markets, which the retailer is exiting. The company currently operates 2,483 supermarkets and multi-department stores under more than 20 banners, including Kroger Marketplace, Ralphs, Fred Meyer and Food 4 Less.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.