Food Retailing / Supermarkets

Sales Up at Kroger

Marks 34 consecutive quarters of positive identical supermarket sales

Published

12 years ago

June 14, 2012

VMSD Staff

Cincinnati-based The Kroger Co. reports total sales, including fuel, grew 5.8 percent to $29.1 billion in the first quarter of fiscal 2012. Excluding fuel, total sales increased 4.3 percent, while identical supermarket sales rose 4.2 percent.

Net earnings for the first quarter totaled $439.4 million, or $0.78 per diluted share.

“Kroger's solid first quarter performance demonstrates that our Customer 1st strategy continues to resonate with customers,” says David Dillon, Kroger's chairman and ceo. “Our core business is growing, and we are rewarding shareholders through earnings growth, increasing dividends over time and share buybacks.”

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