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Kroger quarterly profit up 25 pct
Sept 11 (Reuters) - Kroger Co, the biggest U.S. supermarket operator, reported a 25 percent rise in quarterly profit, helped by lower operating expenses and higher fuel margins.
Net income attributable to the company rose to $433 million, or 44 cents per share, in the second quarter ended Aug. 15, from $347 million, or 35 cents per share, a year earlier.
Identical supermarket sales, excluding fuel, rose 5.3 percent, beating the 4.7 percent growth expected by analysts polled by research firm Consensus Metrix. Sales rose 0.9 percent to $25.54 billion.
(Reporting by Sruthi Ramakrishnan in Benagluru and Lisa Baertlein in Los Angeles; Editing by Anil D'Silva)
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