Bakir Habul on Muck Rack

Bakir Habul

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Kroger Q1 results: 💰Total sales: +2.2% 💵 Total sales excluding fuel: +0.5% 🛒 Comp sales: +1.0% (excluding fuel) 📈 Net income: +4.3% A very modest set of numbers from Kroger. Total sales rose… | Neil Saunders

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By Sally Itterly, Michael Edwards, Bakir Habul
| LinkedIn
Kroger Q1 results: 💰Total sales: +2.2% 💵 Total sales excluding fuel: +0.5% 🛒 Comp sales: +1.0% (excluding fuel) 📈 Net income: +4.3% A very modest set of numbers from Kroger. Total sales rose slightly, but much of this is thanks to higher fuel revenue driven by inflation. Take gas out of the equation and Kroger hardly advanced at all in growth terms; and in market share terms it retreated. Kroger has enormous reach and powerful economies of scale.
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