Kroger to close 60 stores in next 18 months 

The Kroger Co. BB #:100073 reported its first quarter 2025 results June 20, 2025, including plans to close about 60 stores in the next 18 months. 

The retailer says it expects a financial benefit with the closures, noting, “Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance. Kroger will offer roles in other stores to all associates currently employed at affected stores,” it said in a press release. 

“Kroger delivered solid first quarter results, with strong sales led by pharmacy, eCommerce and fresh,” said Kroger chairman and CEO Ron Sargent.  

“We made good progress in streamlining our priorities, enhancing customer focus, and running great stores to improve the shopping experience. 

“Our commitment to driving growth in our core business and moving with speed positions us well for the future. We are confident in our ability to build on our momentum, deliver value for customers, invest in associates and generate attractive returns for shareholders.” 

Kroger reported that total company sales were $45.1 billion in the first quarter compared to $45.3 billion for the same period last year, which included $917 million from Kroger Specialty Pharmacy sales. Excluding fuel, Kroger Specialty Pharmacy, and adjustment items, sales increased 3.7 percent compared to the same period last year. 

Gross margin was 23.0 percent of sales for the first quarter compared to 22.0 percent for the same period last year. The improvement in gross margin was primarily attributable to the sale of Kroger Specialty Pharmacy, lower shrink, and lower supply chain costs, partially offset by the mixed effect from growth in pharmacy sales, which have lower margins. 

Read the whole financial report here. The Kroger Co. – Kroger Reports First Quarter 2025 Results and Updates Identical Sales without Fuel Guidance for 2025