KROGER EXPANSION PROGRAM CITED AS PROFITS, SALES RISE

CINCINNATI -- An aggressive expansion program fueled first-quarter sales and earnings increases at Kroger Co. here.Net income jumped 27.6% to $75.4 million from $59.1 million. First-quarter operating cash flow increased 8.3% to a record $278.1 million from $256.9 million. An extraordinary item of $1.1 million for early retirement of debt also was recorded in the quarter."Kroger achieved strong sales

CINCINNATI -- An aggressive expansion program fueled first-quarter sales and earnings increases at Kroger Co. here.

Net income jumped 27.6% to $75.4 million from $59.1 million. First-quarter operating cash flow increased 8.3% to a record $278.1 million from $256.9 million. An extraordinary item of $1.1 million for early retirement of debt also was recorded in the quarter.

"Kroger achieved strong sales and EBITD [earnings before interest, taxes and depreciation] gains as we con

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TAGS: Kroger