Kroger : CHICAGO (AFP) – Lower margins drag Kruger Inc. ’s fourth-quarter earnings fell and the last, in the supermarket chain said Tuesday, while the competition is tough, volatile fuel prices and “uncertain” recovery caused by expectations for the issuance of escorts for the current fiscal year.
Krueger / quotes/comstock/13 *! NOK / quotes / nls / crowns (23.02 Khmer Rouge, +0.12, +0.51%) achieved a U.S. $ 255.4 million, or 39 cents a share, in the period, down from 349.2 million dollars, or 53 cents per share for the same quarter last year. Sales rose 7.2% to $ 18.6 billion, but rose by only 2% excluding fuel.
Supermarket sales letters – in those ports are open at least a year – rose 1.2%. But the company’s gross margins were 22.48% of sales, down 214 basis points. And costs, excluding fuel rose slightly as a result of rising health care costs and work, together with the credit card fees, partially offset by lower utility costs, increase productivity, lower wages and incentives, the company said.
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