Kroger Reports Positive 1Q

The Kroger Co. (Cincinnati) reported total sales, including fuel, for the first quarter of fiscal 2009 ended May 23, 2009, were $22.8 billion compared with $23.1 billion last
Excluding fuel sales, total sales increased 3.9 percent over the prior year and same-store sales increased 3.1 percent.

“By paying close attention to the changing needs of today's shoppers, Kroger continues to refine what it offers customers through lower prices, friendly service and innovative stores that are appealing and convenient.” says David Dillon, Kroger chairman and ceo. “As a result of this approach, we continue to generate solid, consistent results for shareholders.”

The company’s capital investment, excluding acquisitions, totaled $653.5 million for the first quarter, compared to $636.7 million for the same period last year. Based on its first-quarter performance, the nation’s largest grocery chain expects same-store sales growth of 3 to 4 percent for fiscal 2009.

Kroger operates 2475 supermarkets and multi-department stores under 24 local banner names, including: Kroger, Ralphs, Fred Meyer, Food 4 Less, Fry's, King Soopers, Smith's, Dillons, QFC and City Market.