WELCOME TO CRWE NEWSWIRE, I’M CHRISTINA COLLINS. TODAY’S COMPANY HIGHLIGHT IS—-THE KROGER COMPANY, TRADING WITH THE SYMBOL KR. TODAY THE KROGER COMPANY REPORTS AN 11% INCREASE IN TOTAL SALES AND 4.8% INCREASE IN SUPERMARKET SALES IN THE FIRST QUARTER OVER THE SAME PERIOD LAST YEAR. IDENTICAL SUPERMARKET SALES, WITHOUT FUEL, INCREASED 4.6% IN THE FIRST QUARTER OVER THE SAME PERIOD LAST YEAR. THIS MARKS 30 CONSECUTIVE QUARTERS OF IDENTICAL SUPERMARKET SALES INCREASES FOR KROGERS. KROGER IS ON TARGET TO ACHIEVE IT’S EARNINGS GUIDANCE WITH STRONG RESULTS FROM THE FIRST QUARTER. NET EARNINGS TOTALED $432.3 million, OR $0.70 PER DILUTED SHARE. NET EARNINGS IN THE SAME PERIOD LAST YEAR WERE $373.7 million, OR $0.58 PER DILUTED SHARE. DAVID B. DILLION, KROGER’S CHAIRMAN AND CHEIF EXECUTIVE OFFICER STATES—–OUR CUSTOMER FIRST STRATEGY IS CLEARLY CONNECTING WITH CUSTOMERS. ——-ACHIEVING THIS STRATEGY HAS RESULTED IN A STRONG PERFORMANCE ACROSS THE COMPANY. THE KROGER COMPANY IS THE NATION’S LARGEST TRADITIONAL GROCERY RETAILER, SERVES CUSTOMERS IN 2,449 AND 49 SUPERMARKETS AND MULTI-DEPARTMENT STORES IN 31 STATES UNDER TWO DOZEN LOCAL BANNER NAMES INCLUDING KROGER, SMITHS, AND FRED MEYERS TO NAME A FEW. FOR MORE INFORMATION ABOUT THE KROGER COMPANY, SYMBOL KR, VISIT kroger.com. –I’M CHRISTINA COLLINS WITH CRWE NEWSWIRE.
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