The Kroger Co. (NYSE:KR) Q1 2016 Earnings Conference Call - Final Transcript

Jun 16, 2016 • 10:00 am ET

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The Kroger Co. (NYSE:KR) Q1 2016 Earnings Conference Call - Final Transcript

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Q & A
Executive
Mike Schlotman

things that have taken a little bit longer than we expected. But we do have some momentum going now.

Analyst
Ajay Jain

I think you mentioned and Rodney mentioned, things took a little longer to get started in Milwaukee. But can you also maybe comment on how you view the challenges for Roundy's in Chicago compared to Milwaukee? Obviously, they're very different formats and different customer demographics. But to the extent that there's any real variability in terms of how those markets are performing, can you speak to that at all?

Executive
Rodney McMullen

In Chicago, it's completely different. Obviously, the condition of the store base is substantially very, very good, most of the stores. The first store was opened in 2010. They had acquired a bunch of stores from Dominic's when Dominic's left the market. They're in the process of remodeling those stores. But the rest of the stores are in a very good condition. The biggest thing in Chicago is just cycling a lot of sister-store impacts because there were so many incremental new stores because of the Dominic's acquisition. But really, the focus there is to continue to execute the plan, continue to connect deeper with customers and grow our market share and Chicago is a fantastic market that we really like.

Executive
Rodney McMullen

Before we end today's call, I would like to share some additional thoughts with our associates listening in today. And as you know, I always like to tell our associates a few comments because we just have so many that listen in. And first, I want to take a moment to extend our deepest sympathies to the family and friends of those who lost their lives in the recent horrific attack in Orlando. What happened is tragic and heart breaking. I also want to thank the first responders who put their lives in danger every day to protect us.

I know our family of associates, those at Axiom Healthcare outside of Orlando, across Florida and throughout the rest of the country, is deeply saddened by what has happened. We stand in support of the LGBT community. An event like this affects each and every one of us. No matter where we live or work, it serves to remind us of what is most important, and that is taking care of each other. I want to thank our associates everywhere who demonstrate our values of diversity, inclusion and respect every day, to treat all with dignity, to seek and embrace the differences among people and to lift each other up.

That completes our call today. Thanks for joining us and have a good summer

Analyst
operator

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.