CINCINNATI -- Kroger here is investigating ways to further trim costs after reporting robust sales, but is "taking it on the chin on gross profit," David Dillon, chief executive officer, told analysts in a conference call last week. Kroger is three years into a strategic plan to grow sales by cutting its costs and lowering prices. Yet rising health care costs, combined with slow-to-no inflation, have prevented Kroger from cutting costs to a point where it could offset its margin investments ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.