date:Jun 23, 2014
Customer-first has been a key driver of sustainable growth at The Kroger Co., and in the first quarter the strategy helped spur gains in earnings and sales.
The Cincinnati-based retailer posted net income of $501 million, equal to 99c per share on the common stock, in the quarter ended May 24, which was up nearly 2% from $481 million, or 93c per share, in the same period a year ago. Sales increased 10% to $32,961 million from $29,997 million.
In a June 19 conference call with analysts, Mike El