Kroger's Q1 2025 earnings beat expectations with revenue growth from various sectors

From CNBC: 2025-06-20 11:42:00

Kroger’s shares rose 9% as the supermarket operator raised full-year sales outlook. Identical sales excluding fuel are expected to increase 2.25%-3.25%. Earnings per share were $1.49 vs. $1.46 expected, with revenue at $45.12 billion. Net sales were $866 million, with a 3.2% rise in identical sales, driven by pharmacy, e-commerce, and fresh groceries.

Kroger faces competition from Walmart and Costco amid tariff uncertainty. The company’s private labels, like Simple Truth and Private Selection, have seen growth. Kroger plans to launch 80 new protein products and is working on cost-saving measures to modernize its business.

Kroger will close 60 stores over 18 months to focus on profitable locations and accelerate new store openings in high-growth areas. The company continues to search for a new CEO. Despite challenges, Kroger remains optimistic about future growth and profitability.



Read more at CNBC:: Kroger (KR) Q1 2025 earnings