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Dear Client: Kroger reported Q2 earnings yesterday morning, and results were better than expected – in fact, the grocer raised annual sales guidance for the second time this year. Identical sales without fuel grew 3.4%, ahead of expectations. The retailer is the second largest U.S. grocer by dollar share (~8.5%, per Numerator), though far behind no. 1 player, Walmart (~21%). “This is our sixth consecutive quarter of identical sales without fuel improvement,” said interim CEO Ron Sargent. Sales growth was
Kroger Calls Out Adult Beverages Declines
Dear Client: Kroger reported Q2 earnings yesterday morning, and results were better than expected – in fact, the grocer raised annual sales guidance for the second time this year. Identical sales without fuel grew 3.4%, ahead of expectations. The retailer is the second largest U.S. grocer by dollar share (~8.5%, per Numerator), though far behind no. 1 player, Walmart (~21%). “This is our sixth consecutive quarter of identical sales without fuel improvement,” said interim CEO Ron Sargent. Sales growth was
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