The Big Three
• Kroger Co., Cincinnati, whose second-half sales rose 9% to $42 billion, while identical-store sales, excluding fuel, rose 5% in the third quarter and 4.9% in the fourth and operating profit declined 3.4% to $932 million (excluding the impact of Kroger’s consolidation of union pension plans during the half but including a LIFO charge of $73.4 million in the fourth quarter of 2011, compared with a charge of $18.8 million a year earlier). Giblen said he attributed ...
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