US grocery retailer Kroger Co has reported higher quarterly earnings, boosted by a 5.9% increase in sales.
Go deeper with GlobalData
The company reported net earnings of US$142.7m, or 19 cents per share, for the third quarter to 6 November, compared to $110.2m, or 15 cents per share, for the third quarter of 2003.
Total sales increased 5.9% to $12.9bn for the third quarter. Identical food-store sales, including fuel, increased 3.2% and, excluding fuel, increased 1.8%.
“We are very pleased with our sales performance in the third quarter. Kroger’s identical food-store sales showed strong improvement over the second quarter,” said David Dillon, Kroger chairman and chief executive officer. “Our continued focus on fulfilling our customers’ needs is an important part of our strategy to increase earnings through strong, sustainable identical food-store sales growth.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
