Kroger reports 9.4% earnings increase in Q2

Kroger reports 9.4% earnings increase in Q2

Kroger Co. posted another quarter of solid earnings on Thursday.

The retailer reported net earnings of $347 million for the second fiscal quarter that ended Aug. 16 — an increase of 9.4% from the same period a year ago. Total sales for the quarter were $25.3 billion.

Identical store sales for the quarter, excluding fuel, were up 4.8%. Kroger raised its expectations for this identical store sales growth for the fisca

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