Kroger posts positive Q2 results

US retailer Kroger reports a 6.6 per cent sales increase for its second quarter, ending August 18, 2007. Identical supermarket sales increased 5.8 per cent with fuel and 5.1 per cent without fuel. According to Kroger, this is the ninth consecutive quarter of identical supermarket sales in excess of 3 per cent (fuel excluded). For the full year, Kroger expects identical sales – excluding fuel – to grow by 3 to 5 per cent.

“We are very pleased with our second quarter results,” said David B. Dillon, Kroger chairman and chief executive officer. “Our associates understand the importance of placing our customers first in their daily decisions. These results show we are connecting with our diverse customer base in a variety of ways, including service, price and products.” According to Dow Jones MarketWatch, Kroger’s results beat analysts’ expectations.