Kroger reports 11% sales increase

Supermarket chain Kroger reported an 11% increase in sales (including fuel) to $27.5bn (£17bn) for its first quarter ended May 21. Excluding fuel, sales increased by 4.8% over the same period last year. A 4.6% increase in like-for-like sales together with cost savings boosted net profit 15.6% to $432.3m (£267.4m).

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