Kroger Reports Impressive Sales Gains For 4Q And FY 2014

Retailer Kroger Co. reported identical supermarket sales, without fuel, grew 5.2 percent in fiscal 2014. According to the company, net earnings for the fourth quarter of fiscal 2014 reached $518 million or $1.04 per diluted share. Total sales increased 8.5 percent to $25.2 billion in the fourth quarter, which ended January 31, 2015. Excluding fuel, total sales increased 14.2 percent during the period. For the fiscal year, total sales increased 10.3 percent to $108.5 billion, while total sales excluding fuel rose 12.9 percent, compared with the previous year.