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Kroger Company Posts 4.4% Growth in Q2 Same-Store-Sales

By Warren Paige

The Kroger Company Inc. (NYSE: KR) reported on Thursday that fiscal second quarter net income rose 14%, driven by 4.4% growth in same-store-sales (3.3% excluding fuel sales). Shares edged higher as the company lifted its growth outlook for same-store-sales. For the recently concluded quarter, Kroger posted a profit of $317 million or 60 cents a share compared to net income of $279 million or 51 cents a share. Sales climbed 4.6% to $22.72 billion. Analysts polled by Thomson Reuters had forecasted earnings of 60 cents a share on sales of $22.71 billion. Operating margin improved slightly to 2.6% from 2.5%.

September 12th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.