Kroger Lifts Outlook as Sales Rise
Kroger (KR 9.92%) reported results for the first quarter of fiscal 2025 on June 19, 2025, delivering identical sales growth excluding fuel of 3.2% and adjusted EPS of $1.49, up 4%. Management announced accelerated store network optimization, a heightened focus on core operations, and raised fiscal 2025 guidance for identical sales excluding fuel to 2.25%-3.25%.Decisive Store Network Optimization Aligned with Core FocusPlanned closures of approximately 60 underperforming stores over the next 18 months follow ...