Kroger posts gains in Q4, and FY
SEAFOOD.COM NEWS March 7, 2014 -
For fiscal year 2013, Kroger reported total sales of $98.4 billion, an adjusted increase of 4.2 percent from the prior year, excluding fuel. Net earnings for the year totaled $1.52 billion, or $2.90 per diluted share, an increase of 13 percent, and identical sales growth, without fuel, of 3.6 percent.
"The remarkable consistency of Kroger's performance has shown time and again that serving our customers is serving our shareholders," McMullen added. "We are well positioned to continue delivering sustainable high performance that benefits our customers and shareholders today and in the future."
Cincinnati-based Kroger operates 2,640 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith's.Full Story »