In Kroger’s Q3 earnings release on December 1, 2022, the company surpassed market expectations and shared strong sales growth results. Overall, Kroger has displayed that they have less drag on their bottom line from heavy inventory and markdowns than their competitors, and their margins appear less pressured.
As the retailer reported growth in traffic and loyal households, it appears that Kroger is holding onto share of market and trips better than expected during an inflationary period. For the third consecutive quarter, Kroger raised their financial guidance for the remainder of 2022 due to their Q3 performance and holiday forecasts.
Download the full Harvest Group Kroger Q3 2022 Earnings recap with unique takeaways for suppliers here: