Kroger Results Indicate Little Economic Impact

It's not the economy, stupid. At least not primarily so. That was the message from Kroger Co., which, other than noting slightly higher inventory levels from forward buying and a relatively modest 2008 outlook, reported little effect of a worsening economy on sales or earnings during its fiscal fourth quarter. The theme of cost controls and price and service investments that drove results

CINCINNATI — It's not the economy, stupid. At least not primarily so.

That was the message from Kroger Co., which, other than noting slightly higher inventory levels from forward buying and a relatively modest 2008 outlook, reported little effect of a worsening economy on sales or earnings during its fiscal fourth quarter. The theme of cost controls and price and service investments that drove results when the economy was roaring has continued to provide benefits now that infla

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