CINCINNATI — The Kroger Co. is hosting a 2022 Business Update Friday in Orlando, Fla., where management will provide an update on the company’s strategy of Leading with Fresh and Accelerating with Digital. Following the event, Kroger will host an in-person tour of the company’s Customer Fulfillment Center powered by Ocado, located in Groveland, Fla.

Rodney McMullen

“As we reflect on the past year since our last update, I am incredibly proud of the way our nearly half a million associates across the country have continued to live our purpose to feed the human spirit and provide fresh food to our communities,” said Rodney McMullen, Kroger’s chairman and CEO. “Our proven strategy – Leading with Fresh and Accelerating with Digital – has generated exceptional financial results as evidenced by our strong full-year earnings and has also enabled us to make a positive impact for our shareholders, customers, associates and communities.

“Kroger is stronger than ever before, and the investments we have made in innovation, technology, partnerships, and our people, provide us with a clear path for growth. As we look to the future, we are leaning into the strength of our core assets and our competitive moats to convert structural change coming out of the pandemic into lasting, competitive advantages that will drive sustainable growth and profitability for the long-term.”

During today’s Business Update, Kroger’s leadership team will discuss the following key themes with investors:

• Kroger continues to grow its core food business through its competitive moats — Fresh, Our Brands, Personalization and Seamless, which continue to enhance customer loyalty and attract new customers;
• Kroger’s digital strategy is solving customers’ needs by creating a world class seamless ecosystem and enabling the company to enter into new geographies and serve more customers. During today’s event, the company will announce its entry into three new cities/regions;
• Kroger is delivering against its strong and sustainable total shareholder return model and remains committed to delivering total shareholder return (TSR) of 8 – 11% over time; and,
• Kroger continues to deliver on its Zero Hunger | Zero Waste commitment that is the centerpiece of the company’s environmental, social, and governance (ESG) strategy.

“Driven by heightened food demand and our consistent execution over the last two years, our team has delivered results that are significantly above what our TSR model contemplates,” said Gary Millerchip, Kroger’s CFO. “We expect to continue to build off of this higher base and we remain committed to delivering TSR of 8 to 11% over time.”

Investor Webcast Details

The presentation will broadcast online at ir.kroger.com on March 4, 2022 from 8:30 a.m. (ET) to approximately 11:00 a.m. (ET). Click on Events & Presentations to access the event. An on-demand replay of the presentations will be available starting at approximately 5:00 p.m. (ET) on March 4, 2022.