Kroger accelerated strategic game plan in 2022, executives say

CEO Rodney McMullen reports that Albertsons merger negotiations with regulators are on track.


Report: Instacart’s profits are soaring

The same-day delivery platform’s gross profits jumped more than 80% during the fourth quarter and it may be re-launching its IPO bid, according to the Wall Street Journal.

The employee-owned grocery chain's stock price also increased from $13.19 per share to $14.55 per share.

“We believe we have the potential for more than 10 times the number of stores we have today,” President and CEO RJ Sheedy told analysts during Tuesday’s Q4 earnings call.

Soaring inflation, supply chain headaches and changing consumer patterns conspired to create a volatile and frustrating year for the retailer. Here’s what it’s doing to find its bullseye.

Canada’s biggest food and drug retailer eyes more discount store conversions and more customer savings in 2023.

Strength in grocery helped the retailer partially make up for lackluster fourth quarter and full-year results that saw significant margin weakness.

CEO RJ Sheedy points to “strong momentum in our business” amid rising transactions and basket size.

CEO Jonathan Weis says loyalty marketing, price investments and new efficiencies helped counteract higher operational costs and inflation.

Wholesale, retail business segments post double-digit Q4 sales growth, aided by elevated inflation.

  • Page 2