In last week's Q3 report, Kroger posted its 40th consecutive quarter of ID sales growth.
CINCINNATI — Kroger Co. here last week said that low-income customers appear to be spending more cash in the wake of the Nov. 1 cut in Supplemental Nutrition Assistance Program benefits. “So far in November you can see where SNAP dollars are down but customers are substituting and buying with cash [what they are not buying with SNAP],” said Rodney McMullen, president and chief operating officer, in a conference discussing results for the third quarter, which ended Nov. 9. ...
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