Kroger Q1 total sales up 4.9% to $36.3 billion
CINCINNATI — Kroger on Thursday reported net earnings of $303 million, or $0.32 per diluted share, and a decline in identical supermarket sales , without fuel, of 0.2% in the first quarter of 2017.
"We remain focused on our strategy," stated Rodney McMullen, chairman and CEO Kroger. "This will make a difference for our customers and create value for our shareholders. We are running the business with an eye toward where the customer is going. Customers tell us they want to connect with us in multiple ways with the help of friendly associates to easily provide meals to their families at prices that enable them to stretch their budgets. We are committed to providing that experience, and we will not lose on price."
Total sales increased 4.9% to $36.3 billion in the first quarter. Total sales, excluding fuel, increased 2.9% in the first quarter compared to the same period last year. The recent merger with ModernHEALTH contributed to sales growth, Kroger noted.
Kroger lowered its 2017 GAAP net earnings guidance for 53 weeks to $1.74-$1.79 per diluted share and continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017.
The company continues to expect capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.2 billion to $3.5 billion range for 2017.
Giant partners with Instacart on same-day delivery in Philadelphia
SAN FRANCISCO — Instacart is expanding its same-day delivery in Phiadelphia through Giant, the grocer announced Thursday.
"This partnership with Instacart gives our customers in the greater Philadelphia area another convenient delivery option," stated Tom Lenkevich, president of Giant. "From quality to convenience, our job is to provide the best possible experience for our shoppers, and now that includes providing them with a same-day delivery solution."
"Instacart has always been about bringing customers' favorite stores, groceries and essentials directly to their doorsteps," said Nilam Ganenthiran, Instacart's chief business officer. "Giant is loved by its customers, and we believe Philadelphia residents will enjoy the added convenience, not to mention having one less errand to run."
Instacart and its partner supermarkets have been making a slew of expansion announcements of late, inlcuding Giant's sister division Stop & Shop in Boston.
Instacart expands same-day delivery through Wegmans
SAN FRANCISCO — Instacart on Wednesday announced a partnership with Wegmans Food Markets that enables the supermarket’s customers to complete their grocery shopping online, and have their orders delivered to their doors in as little as an hour.
“We know our customers are busy, and that any found time in their week can make a difference. That’s where we can help – by giving them the option to have Wegmans delivered fresh to their door,” stated Heather Pawlowski, VP e-commerce for Wegmans. “By partnering with an industry leader like Instacart, we’re able to provide our customers with a seamless shopping experience with the quality and service they’ve come to expect from Wegmans, without leaving their house.”
The new service is currently available at select Northern Virginia and Maryland Wegmans stores.
With the new service, Wegmans customers can fill their virtual carts with their favorite products, such as produce, frozen foods, meat, seafood, and packaged prepared foods by visiting instacart.wegmans.com/ or downloading the Instacart App. At check out, customers can add their Wegmans Shoppers Club number to receive available discounts and choose a delivery window within one hour, two hours or up to seven days in advance. ]
Same-day delivery from Wegmans is now offered at the Alexandria, Fairfax, Dulles and Leesburg stores in Virginia, and at the Columbia, Hunt Valley, Ownings Mills, Crofton, Woodmore, and Germantown stores in Maryland.
“Partnering with the best retailers nationwide is essential to the success of Instacart,” said Apoorva Mehta, CEO of Instacart. “Wegmans is a brand with a loyal fan base. This partnership is a milestone for Instacart, allowing us to bring the products Wegmans customers love straight to their doorstep.”
The first Instacart delivery is always free for new customers and just $5.99 after that on orders of $35 or more. Instacart Express membership is also available, enabling unlimited free one-hour deliveries on orders over $35 for an annual fee. After a free trial period, the annual fee varies by location from $99 to $149. In addition, Wegmans adds a small price increase to cover the cost of shopping customer orders.