US retail giant Kroger Co. has posted a 5% rise in like-for-like sales for the first half of 2007.


The company said today that revenue reached US$36.9bn for the first six months of the year. The sales growth drove a leap in net earnings, which hit $603.8m, compared to $515.4m a year earlier.


“The performance of Kroger’s business through the first half of 2007 exceeded our expectations, and our momentum heading into the second half of the year causes us to raise our identical sales and earnings guidance for fiscal 2007,” said Kroger chairman and CEO David Dillon.


Kroger has forecast like-for-like supermarket sales growth of 4-5% for the full year and expects earnings per share to reach between $1.64 and $1.67.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now