Kroger announces plans to close 60 stores across the United States

While the report said the company's profits "exceeded our expectations," Director Ron Sargent said in an earnings call that the company reviewed areas not meaningful to its future growth and determined that closing the stores "will make the company more efficient."

The five Pick 'n Save locations closing include: 1735 W. Silver Spring Drive, Glendale. 3701 S. 27th Street, Milwaukee. 2355 N. 35th Street, Milwaukee.