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Stock impact report

Kroger CEO flags alarming shift in how customers shop [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
Executives from lower-priced chains, including McDonald's and Dollar General, have commented on how they are seeing sales growth with higher-income customers. "We're pleased to see growth once again in our total customer count, with disproportionate growth coming from higher-income households. We remain focused on executing our proven playbook to retain a substantial portion of these customers. And with our unique combination of value and convenience, we believe we are well-positioned to increase market share with customers across all income brackets," said Dollar General CEO Todd Vasos during his company's third-quarter earnings call McDonald's saw an increase in U.S. same-store sales of 2.5% in its second quarter, which was also driven by higher-income customers. "Certainly, overall QSR traffic in the U.S. remained challenging as visits across the industry by low-income consumers once again declined by double digits versus the prior year period. Reengaging the low-income cons Show less Read more
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