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Kroger off to strong start with positive Q1
CINCINNATI — Kroger reported solid first-quarter results and marked 30 consecutive quarters in which identical-store sales increased, the supermarket retailer announced Thursday.
Kroger said that identical-store sales rose 4.6%, excluding fuel, to about $20.8 billion. Identical stores are defined as supermarkets open at least five quarters.
The company said its first-quarter revenue for the period ended May 21, including fuel, rose 11% to about $27.5 billion, compared with the year-ago period. Excluding fuel, total sales were 4.8% above last year.
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Kroger appoints diversity leader
CINCINNATI — Kroger on Monday named Reuben Shaffer the grocer’s new chief diversity officer, effective immediately.
“Diversity is a core value at Kroger,” stated David Dillon, Kroger chairman and CEO. “We take our commitment to diversity seriously, both because it is right and because it makes us better at our business. When our decision-making is inclusive and reflects the diversity of our customers, we make better decisions.”