Economy Recalls trucking strike Logistics business systems supply chain disruption warehousing food Business tools News Technology freight Unions and Guilds Distributor Credit Management Fleet Management Great Employees Operations Improvement Pricing Solutions distribution talk Christmas Season Ideas Managing Debt Ports Trade Shows bankruptcy management paradigm route optimization tools Alternative Businesses China Falling Editors Note Excess Inventory Lawsuits Licensing Profit and Loss Report Recession Wal-Mart advertising Tips environmental logistics relocations retail shortages Accounting Restatements Airport Privatization Consumers Harmed Editor Comments Education and Training European Business Government Plans Hosting Inflation International Trade Market Conditions Movie Distribution Photo Rail Software Vehicles distribution real estate horizontal integration imports k-rail recycling distribution regulation scandals - Prosecutions trade free zones trains vertical integration warranty repair
- South East Gas Shortage
- Quality Scrubs And More
- The Dow Plummets Then Rebounds Many Losers Than Ju...
- Rent To Own
- Alternative Options For Distributors
- Blue Nile Diamonds
- Customers Who Aren't Getting Railed
- Economic Upheavals Possible Effects On Trucking Se...
- Centering Clay Made Simple
- American Airlines Revisited
- Laptop Decisions
- FedEx Stocks Fall
- Dallas & Fort Worth Get Ahead as Warehousing Hub D...
- World Markets Going Haywire
- Lawsuit Representation, Know Your Rights
- Skorpion Zinc Mine Not Impacted by Strike in Namib...
- Uganda Working to Avert Strike
- Need A Vacation?
- Stocks Plummet, Regulation Looming?
- High Energy Low Calorie
- ABF To Expand
- Employee Screening Services
- 2Q Kroger Increase
- High Quality Luxury Timepieces
- No Layoffs At American Airlines Yet
- Professional House Plans
- Post Tunnel Fire, Eurotunnel May ReOpen
- Centralizing Logistics
- Freight Shipping Solutions
- Matching UPS, FedEx Picks Up The Pace
- Answering Settlement Questions
- Gustav Oil Fears Decline
- Cola Wars Revisited
- UPS Improves Efficiency In Heavy Freight Lanes
- Custom Home Plan Options
- Another Logistics Merger
- ▼ September (36)
- ► 2007 (204)
Tuesday, September 16, 2008
9:32 AM | Author: Brett Bumeter - Unknown | | | Edit Post
Predicated on sales of its generic brands and gasoline discounts, Kroger has announced 2nd Quarter profit increases of 11.9% since this time last year. Kroger, the largest grocery chain in the United States, has benefited from the aforementioned sales and discounts to see its diluted share prices increase $0.38 to $0.42 over the past year along with its earnings $267.3 million up to $276.5 million in that same period.
David B. Dillon, Chairman and CEO, said "The results for the period were strong as we continued to generate cash flow to sustain our strong capital program and reduce outstanding shares."
Dillon also expects the second half of the fiscal year to be a success as well due to the companies core grocery operations. As the largest grocery retailer in the country, it should be interesting to see how they are effected due to the downturn in the U.S. economy.