Kroger's first-quarter report is mixed: essential groceries support revenue, but profits are eroded by aggressive price cuts and cost pressures.

According to the Wisdom Financial APP, Kroger, the largest chain supermarket operator in the United States, has released a mixed performance report for the latest financial quarter. Despite sales exceeding market expectations, indicating consumers' rigid demand for groceries in the context of tight budgets, rising transportation costs, falling egg prices, and active price reduction strategies have also squeezed the company's profitability.