Kroger’s stock price jumped to its highest point in more than a year on Thursday following its surprisingly strong Q4 and full-year 2021 earnings release. Comp sales grew 4% on top of 2020’s strong growth, though digital growth declined for the third consecutive quarter as the company finds a new equilibrium for digital growth post-pandemic. On Friday morning, in Kroger’s 2022 Business Update, company leaders gave investors a deeper dive on company go-to-market strategy, flywheel, and plans for 2022, including a major announcement about additional new CFC spoke facilities opening this year.
Download the full recap with Harvest Group insights included here:
To download additional Q4 Retailer Earnings Reports visit:
