Kroger Co. (NYSE: KR), a leading supermarket and multi-department store operator, reported on Friday an increase in adjusted revenue for the first quarter of 2025.
The Cincinnati Head Crawled company’s first quarter net sales remained significantly different from the same period last year, at $45.125 billion. The same sales without fuel increased by 3.2% over three months, while e-commerce sales increased by 15%.
Adjusted earnings increased from $1.43 per share in the 2024 response period to $1.49 per share. Net income was $1.29 per share in the first quarter, compared to $947 million last year, or $1.29 per share. Total margins moved from 22% in the same period last year to 23%.
Commenting on the results, Kroger’s chairman and chief executive Ron Sargent said, “We have been on track to streamline priorities, strengthen our customer focus and operate great stores to improve our shopping experience. Our commitment to driving growth in our core business and moving in a speed position will do well for the future.”
Kroger’s leadership said he hopes to continue generating strong free cash flows and invest in the business to drive long-term sustainable profit growth. For fiscal year 2025, the company expects fuelless sales to grow between 2.25% and 3.25%. Management reconfirmed annual adjusted earnings per share, ranging from $4.60 to $4.80. We continue to expect adjusted free cash flow to be between $2.8 billion and $3 billion.
