Kroger, the nation’s largest traditional supermarket operator, reported a higher net income for its fiscal second quarter. The Cincinnati-based company lifted the low end of its fiscal 2013 outlook for a key sales measurement.
Kroger Co., which owns also Ralphs, Fry’s, Fred Meyer and other chains, said sales rose 3.3 percent at stores open at least a year during the quarter. Looking ahead, Kroger now expects the sales figure to increase between 3 percent and 3.5 percent for fiscal 2013, excluding fuel. Its previous projection was for an increase of 2.5-3.5 percent.The Associated Press