CINCINNATI, OH - As the debates continue to swirl around Kroger and Albertsons’ merger, Kroger reported its fourth quarter and full-year 2023 results. One of the highlights from the financial report is that the retailer's total company sales in the fourth quarter topped $37 billion.

"Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth,” remarked Chairman and Chief Executive Officer Rodney McMullen. “As customers manage macroeconomic pressures, we are lowering prices and offering even more ways to save with personalized promotions and rewards. Our unique seamless shopping experience provides customers the products they want, when and how they want them, with zero compromise on quality, convenience and selection.”

Several highlights from the report include:

• Total company sales were $37.1 billion in the fourth quarter, including $2.7 billion from the 53^rd week, compared to $34.8 billion for the same period last year.
• Gross margin was 22.7 percent of sales for the fourth quarter
• Executed its go-to-market strategy to deliver value for customers
• Grew digital sales more than 10 percent, excluding the 53^rd week

To see more from the report, click here.

“We are increasing customer visits and growing loyal households through the strength of our retail business, which positions Kroger for more ways to drive sustainable future growth. We expect to continue our momentum in 2024 by delivering value for customers, investing in associates and generating attractive and sustainable shareholder returns,” McMullen continued.

We’ll continue to keep our eyes glued to the wire when it comes to Kroger news.

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