Kroger Q1 Sales Up, Earnings Down

Saying it dialed down price investments and made more sales of higher-end items, Kroger here on Thursday posted quarterly earnings that exceeded analyst estimates.

CINCINNATI — Saying it dialed down price investments and made more sales of higher-end items, Kroger here on Thursday posted quarterly earnings that exceeded analyst estimates.

The retailer said non-fuel identical sales grew 2.4% in the fiscal first quarter, which ended May 22, with total sales up 8.7% to $24.8 billion. Net earnings of $373.7 million were down 14% from the same period last year although e

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