Kroger Q2 sales up 3.9% to $27.6 billion
CINCINNATI — Kroger on Friday reported net earnings of $353 million, or $0.39 per diluted share, and identical supermarket sales growth, without fuel, of 0.7% in the second quarter of 2017, which ended Aug. 12.
"Through innovation, Kroger is redefining the food and grocery customer experience based on our core strengths," stated Rodney McMullen, chairman and CEO, Kroger. "Our second quarter results demonstrate the progress we've made. We returned to positive identical supermarket sales growth in the second quarter. We had strong growth in both loyal and total households. Traffic is up, unit movement is up, market share is up and our customers' price perception is excellent and continues to improve."
Kroger's net earnings for the second quarter last year were $383 million, or $0.40 per diluted share.
Total sales increased 3.9% to $27.6 billion in the second quarter compared to $26.6 billion for the same period last year. Total sales, excluding fuel, increased 3.8% in the second quarter compared to the same period last year.