Omnichannel strategy impacts Kroger's earnings

摘要

After a difficult fourth quarter in which net earnings plunged 70% from the same period a year ago, executives at Kroger Co. acknowledged in March that they had work to do. Challenges persisted in the first quarter of fiscal 2019, though. Net earnings attributable to Kroger in the first quarter ended May 25 totaled $772 million, equal to 96c per share on the common stock, down 62% from $2,026 million, or $2.39 per share, in the same period a year ago. Sales totaled $37,251 million, basically unchanged from $37,722 million a year ago. Despite the disappointing quarterly results, William R. McMullen, chairman and chief executive officer, said the company has been energized by the challenge of reinvigorating the business.