Kroger reported its second quarter (which ended August 14th) results on September 14th. Here is an excerpt from The Kroger Company website. The full press announcement is included in the link at the end of this post. Also included in the link are financial statements for the second quarter.
"The Kroger Co. (NYSE: KR) today reported total sales, which include fuel, increased 6.0% to $18.8 billion in the second quarter of fiscal 2010 compared with $17.7 billion for the same period last year. Excluding fuel sales, total sales increased 3.3% in the second quarter, which ended August 14, 2010, over the same period last year. Identical supermarket sales, without fuel, increased 2.7% in the second quarter over the same period last year. Net earnings for the second quarter totaled $261.6 million, or $0.41 per diluted share. Net earnings in the same period last year were $254.4 million, or $0.39 per diluted share."
“Kroger’s sales have remained solid in the face of competitive and economic challenges because of the strong credibility we have with our shoppers. Our team understands the importance of finding ways to make each customer visit better than the last one, resulting in consistent positive identical supermarket sales growth,” said David B. Dillon, Kroger’s chairman and chief executive officer. “We continue to build momentum through our Customer 1st strategy, which serves Kroger customers, associates, shareholders and communities well in a variety of operating environments.”
Note: as a definition, Kroger considers an "identical supermarket" as those stores that are open without expansion or relocation for five full quarters.
http://www.thekrogerco.com/corpnews/corpnewsinfo_pressreleases_09142010.htm
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