Kroger Posts Strong Sales Growth In 2Q 2016

Kroger Co. reported supermarket sales, minus fuel, grew 1.7 percent in the second quarter of 2016, compared with the same quarter in the previous year. With effects of charges excluded, net earnings for the quarter were $454 million, or $0.47 per diluted share, compared with $433 million, or $0.44 per diluted share, in the same quarter of 2015. According to the company, total sales rose 4.0 percent to $26.6 billion, compared with $25.5 billion in the same quarter of the previous year. Total sales, with fuel excluded, grew 7.3 percent during the quarter, compared with the previous year.