KROGER CITES EXPANSION, EFFICIENCY AS NET SOARS

CINCINNATI -- Kroger Co. here said accelerated store construction, productivity and technology improvements, coupled with cost reductions in procurement and distribution, boosted sales and earnings for the third quarter and 39 weeks ended Oct. 7.For the quarter, the company saw earnings increase 69.8% to $61.2 million on sales of $6.96 billion, a 4.6% increase. Operating cash flow rose 8.8% to $299

CINCINNATI -- Kroger Co. here said accelerated store construction, productivity and technology improvements, coupled with cost reductions in procurement and distribution, boosted sales and earnings for the third quarter and 39 weeks ended Oct. 7.

For the quarter, the company saw earnings increase 69.8% to $61.2 million on sales of $6.96 billion, a 4.6% increase. Operating cash flow rose 8.8% to $299 million.

For the year to date, earnings rose 30.9% to $197.3 million on sales

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