Kroger Q1 Hints at Recovery

CINCINNATI It may be too early to declare victory over the economy, but food retailing appears to be making a comeback. In its first-quarter financial results last week, Kroger Co. here illustrated why this might be the case: Same-store sales were up, margin investment to generate those sales was down, and shoppers at least some of them splurged for wines, organics and other high-end products at a

CINCINNATI — It may be too early to declare victory over the economy, but food retailing appears to be making a comeback.

In its first-quarter financial results last week, Kroger Co. here illustrated why this might be the case: Same-store sales were up, margin investment to generate those sales was down, and shoppers — at least some of them — splurged for wines, organics and other high-end products at a greater rate than they had for months.

“The numbers don't lie: They

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