KROGER’S SAME-STORE SALES INCREASE 6%
Kroger’s shares jumped 7% yesterday (September 18) after the grocery chain saw sales increase 6.6% to $16.1 billion in the second quarter. Same store sales rose 5.8% with fuel and 5.1% without fuel. Revenue rose 7% to $16.14 billion in the quarter from $15.14 billion last year.
The company said it has focused more heavily on improving customer service with faster checkouts, expanding organic food offerings and new formats including Marketplace that’s double the size of a typical Kroger.
Kroger expects its same store sales to grow in the 3% to 5% range with a slightly improving operating margin for the fiscal year.
The company said it has focused more heavily on improving customer service with faster checkouts, expanding organic food offerings and new formats including Marketplace that’s double the size of a typical Kroger.
Kroger expects its same store sales to grow in the 3% to 5% range with a slightly improving operating margin for the fiscal year.
posted at 2:43 PM
<< Home