»BIZ BEAT: Two area cities want to test driverless vehicles, technology
But same store sales grew 1.6 percent and e-commerce sales saw a major 60 percent gain from third quarter 2017, beating analysts expectations.
“Kroger is transforming our business model. We’re moving from a traditional grocer to a growth company with both a strong customer ecosystem that offers anything, anytime, anywhere … Restock Kroger is the blueprint for this transformation,” said CEO Rodney McMullen.
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The company was also able to cut prices and invest savings in technology, which is expected to continue drawing more traffic and accelerating growth, McMullen said.
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