date:Sep 17, 2013
Street was forecasting a 3.3 percent gain. The metric is an important gauge because it strips out the impact of newly opened and closed locations.
Kroger and other supermarket companies are trying to adapt to a shifting industry. Shoppers are increasingly getting groceries at big-box retailers like Target, drugstores and dollar stores that have expanded their food sections. Specialty chains such as Whole Foods are playing a greater role, too. The organic grocer said in July that its sales rose