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Kroger First Quarter Profit Up 12 Percent

Web Produced By: Andrew Weast
Last Update: 6/23 1:59 pm
The Kroger Company reports their profit shot up to $435 million, or $0.66 per share, compared to $386 million, or $0.58 per share last year.

Despite their high profits, Kroger says sales were down slightly from last year due to the lower gas prices at its service stations.

The grocery chain is seeing more customers buying deli and store prepared meals to take home and strong sales of it's own brand items which are usually priced lower than national brands.


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