Kroger Q2 Sales, Earnings Up; Stock Falls

CINCINNATI — Kroger Co. on Friday said second-quarter earnings increased by 7.3% on a sales increase of 11.5%, but its stock tumbled in early trading as gross margins slid by 53 basis points.

CINCINNATI — Kroger Co. on Friday said second-quarter earnings increased by 7.3% on a sales increase of 11.5%, but its stock tumbled in early trading as gross margins slid by 53 basis points.

Kroger reported earnings of $280.8 million on sales of $18.8 billion in the quarter, which ended Aug. 13. Identical-store sales excluding fuel increased by 5.3% in the quarter. Earnings per share of 46 cents exceeded

Register to view the full article