By Sam Silverstein
Source: Grocery Dive

  • Kroger generated slight year-over-year increases in total and same-store sales during its first fiscal quarter, but the company’s profitability declined, the grocer reported Thursday.
  • The supermarket operator recorded $45.3 billion in sales in Q1, up a fraction of a percent compared with the same period last year. Same-store sales excluding fuel grew by less than 1 percent —  well below the 3.5% clip Kroger posted last year for that metric — while operating profit was off by 12%.
  • Kroger is dealing with slower growth as it focuses on trying to overcome efforts by regulators to win a court order to prevent it from merging with Albertsons.

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