Pick 'N Save, Metro Market Will See Price Rises: Kroger CFO

WISCONSIN — Pick 'n Save and Metro Market will be among Kroger stores to raise their prices in the company's response to inflation.

The company saw higher inflation in the second financial quarter and is working with suppliers to stabilize the cost, Kroger chief financial officer Gary Millerchip said in an earnings call.

"We're passing on costs to the customer where it makes sense to do so," he said. The company saw inflation as high to 2 to 3 percent, higher than anticipated in its original business plan.

The company made $839 million after the second financial quarter, according to an earnings release.

Kroger performs well financially whether inflation is high or low, McMullen said. The grocery market usually performs best when inflation is 3 to 4 percent.

The company would eat some of the costs and work with suppliers to stabilize price rises in order to keep customers, Millerchip said.

Kroger hasn't said which products will cost more for customers.