By Sam Silverstein
Source: Grocery Dive
- Kroger on Thursday reported weaker results during the third quarter, as sales fell slightly year-over-year, to $33.96 billion, and comparable-store sales excluding fuel were down 0.6% — the first time since the second quarter of 2021 that the grocery chain posted a negative figure for that metric.
- The company reported an operating profit of $912 million for Q3, reversing a second-quarter loss. Kroger also said that its comparable sales would have been positive during Q3 had it not ended its contract with Express Scripts at the end of last year.
- Kroger on Nov. 15 certified to the Federal Trade Commission that the company’s plan to merge with Albertsons is in substantial compliance with the agency’s requirements, CEO Rodney McMullen said Thursday during an earnings call.