The Kroger Co. (NYSE:KR) Q3 2024 Earnings Conference Call December 5, 2024 10:00 AM ET
Company Participants
Robert Quast - Senior Director, Investor Relations
Rodney McMullen - Chairman and CEO
Todd Foley - Interim Chief Financial Officer
Conference Call Participants
Simeon Gutman - Morgan Stanley
Rupesh Parikh - Oppenheimer
Leah Jordan - Goldman Sachs
Ken Goldman - JPMorgan
Ed Kelly - Wells Fargo
Michael Lasser - UBS
John Heinbockel - Guggenheim Partners
Michael Montani - Evercore ISI
Robert Dickerson - Jefferies
Jacob Aiken-Phillips - Melius Research
Chuck Cerankosky - Northcoast Research
Operator
Good morning. And welcome to The Kroger Co. Third Quarter 2024 Earnings Conference Call. [Operator Instructions]
Please note this event is being recorded. I’d now like to turn the conference over to Robert Quast, Senior Director, Investor Relations. Please go ahead.
Robert Quast
Good morning. Thank you for joining us for Kroger’s third quarter 2024 earnings call. I am joined today by Kroger’s Chairman and Chief Executive Officer, Rodney McMullen; and Interim Chief Financial Officer, Todd Foley.
Before we begin, I want to remind you that today’s discussions will include forward-looking statements. We want to caution you that such statements are predictions and actual events or results can differ materially. A detailed discussion of the many factors that we believe may have a material effect on our business on an ongoing basis is contained in our SEC filings. The Kroger Company assumes no obligation to update that information.
After our prepared remarks, we look forward to taking your questions. In order to cover a broad range of topics from as many of you as we can, we ask that you please limit yourself to one question and one follow-up question if necessary.
I will now turn the call over to Rodney.
Rodney McMullen
Thank you, Rob. Good morning, everyone, and thank you for joining us today. Before we begin, I’d like to provide an outline of our discussion topics this morning. I will start by sharing a recap of our third quarter performance and highlight how we continue to advance our go-to-market strategy, which powers our value creation model and drives long-term sustainable growth for our shareholders. Then Todd will cover our financial results for the third quarter and walk through updates to our full year guidance. And finally, I will close with some comments on our pending merger with Albertsons.
Turning first to our performance, we delivered strong third quarter sales results led by our pharmacy and digital performance, which reflects the versatility of our model. Customer engagement remains strong. Our convenient, Seamless shopping experience, along with incredible customer value through low prices, personalized offers and great quality Our Brand products, drove growth in both total and loyal households. As we entered the last quarter of 2024, we are focused on providing the quality, Fresh and affordable products that make holiday celebrations special.