Kroger’s fourth quarter fell short of expectations, as the retailer asserted that 2018 was an investment year as it developed its Restock Kroger growth strategy initiatives.
Citing broad financial improvement, Albertsons posted a net loss of $32.4 million in the second quarter ended September 8 versus a net loss of $355.2 million in the fiscal 2017 period.
As Kroger continues to invest in its Restock Kroger strategy, the supermarket retailer reported a surge in net earnings while net sales gained slightly.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.