Kroger Q2 profit up 14 percent on cost controls, stronger sales
date:Sep 13, 2013
ance - were up 3.3 percent for the latest quarter, excluding the sale of gasoline.

Kroger's booked a $13 million charge related to inventory accounting during the latest quarter, down from $35 million a year earlier. Operating, general and administrative costs plus rent and depreciation also declined as a percentage of sales.

The company tightened its full-year forecast for identical supermarket sales growth, excluding fuel, to a range of 3 percent to 3.5 percent from 2.5 percent to 3.5 percen
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