US supermarket giant Kroger has today (11 December) booked “solid” third-quarter sales.
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The company, which operates under banners including Ralphs and Fred Meyer, said identical supermarket sales, excluding fuel, rose 5.7% during three months to 10 November.
Group revenue climbed 9.8% to US$16.1bn; net income jumped from $214.7m last year to $253.8m, although Kroger said the rise in earnings included a “benefit from the resolution of certain tax issues”.
“Our strategy continues to deliver earnings growth in a variety of economic and competitive conditions, which underscores the core strength of Kroger’s business model,” said Kroger chairman and CEO David Dillon.
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