Thursday, June 21, 2018

Kroger nets $2B profit on sale of convenience stores

Cincinnati Enquirer
Kroger reported a $2 billion profit Thursday for its first quarter, reaping a windfall from the sale of its convenience store business.

Excluding its $1.8 billion profit from the sale of its business, Kroger netted a $626 million profit.

Total sales rose 3.4 percent to $37.5 billion. Identical-store sales in supermarkets excluding fuel increased 1.4 percent during the fiscal quarter ended May 26.. . . more