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2019 first quarter adjustment items include adjustments for pension plan agreements, the gain on sale of turkey hill dairy, the gain on sale of you technology, the mark to market gain on ocado securities and a contingent consideration adjustment. We delivered on our commitments for id sales without fuel, adjusted fifo operating profit, and cost savings in addition to generating over $100 million of incremental operating profit through alternative profit streams in 2019. Total sales, excluding fuel and the effect of selling the convenience store business unit, increased 2.0% from the same period last year
Gross margin was 22.2% of sales for the first quarter. Please refer to table 8 for a deeper explanation on the. Identical sales, excluding fuel, increased 2.0% in 2019
Digital revenue grew 29% in 2019, driven by pickup and delivery sales growth
Digital revenue growth has moderated primarily due to cycling our merger with the home chef business. Your explanation hasn't been the case so far Companies more affected by covid posted good results in q1 and withdrew guidance but still went up This kr move either has no logic to it, or is foreshadowing investors won't be as forgiving the second go round.
The 2019 sales gain was 2.3% excluding fuel, dispositions and merger transactions, according to kroger “our strong sales results and positive momentum give us confidence to raise our identical sales without fuel guidance to a new range of 2.25% to 3.25%,” david kennerley, kroger’s cfo, stated.
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