03 March 2017
Despite the operating environment being more challenging than expected, Kroger achieved sales of $115.3bn for 2016, up 5% on 2015 or 1% on a like-for-like basis.
Underwhelming Q4 performance
The deflationary conditions have driven lower than expected Q4 sales for the retailer, with same store sales dropping for the first time in 52 quarters, by 0.7% (excl fuel). However, overall sales...