CINCINNATI — Kroger Co. here on Tuesday posted quarterly earnings that exceeded analyst estimates, despite an overall sales decline triggered by a rapid deflation in fuel prices. For the fiscal first quarter that ended May 23, Kroger posted net income of $435.1 million, or 66 cents per share, on sales of $22.8 billion. Net earnings increased by 12.7% despite a sales decline of 1.3%. The sales decline was due entirely to the retail cost of fuel declining by an average of 41% compared with ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.