We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Kroger Reports Healthy Sales, Profits; CEO Says Tax Reform Will Help

March 8, 2018: 12:00 AM EST
Retail grocery giant Kroger Co. posted fiscal 2017 net earnings of $1.9 billion ($2.09 a share) on sales of $122.7 billion, a 6.4 percent increase over 2016. Net earnings in 2016 were $2 billion ($2.05 share).  CEO Rodney McMullen said the company ended 2017 “with positive momentum in our sales and overall business” after launching Restock Kroger, a strategy to use the company’s food and data analytics expertise to create better customer experiences online and in stores. He waxed optimistic about the impact of President Trump’s tax reform measure. "The Tax Cuts and Jobs Act is a catalyst that is enabling us to accelerate investments in Restock Kroger,” McMullen said. “We are taking a balanced approach to ensure tax reform benefits our associates, customers and shareholders.” [Image Credit: © Kroger]
"Kroger Reports Fourth Quarter and Full Year 2017 Results", Earnings release, Kroger Co., March 08, 2018, © Kroger Co.
Market News
North America
United States of America
Companies, Organizations
Earnings Release
Developed by Yuri Ingultsov Software Lab.