CINCINNATI Kroger's third-quarter revenue, including fuel, leaped 5.9% to $18.7 billion, the supermarket giant reported.
Excluding fuel sales, total sales increased 3.1% in the third quarter, which ended Nov. 6, the company noted. Earnings per share for the company rose to 32 cents per share, totaling $202.2 million. During the same period last year, Kroger reported a net loss of $874.9 million, or $1.35 per diluted share, after the company's $1.05 billion write-down of its Ralphs division.
The strong quarterly results could be attributed to Kroger's Customer 1st strategy, Kroger chairman and CEO David Dillon said. Back in 2007, the Kroger head said that the company's business model was "creating a unique competitive advantage that positions us well for multiple-year growth and ongoing value creation [for our shareholders]."
"Our team increased identical-supermarket sales, earnings and earnings per shar