Profit up 36 percent for Parent of City Market

By: AP Email
By: AP Email

Cincinnati (AP) The parent of Colorado's City Market and King Soopers grocery store chains says more shoppers filled up more baskets at the end of last year, driving up profits companywide.

Cincinnati-based Kroger Company says fourth-quarter earnings rose 36 percent, thanks to a big increase in sales.

Net income rose to $384.8 million, up from $282.1 million at the same time a year earlier.

Revenue also grew 15 percent to more than $16.8 billion.

The earnings amounted to 54 cents a share, beating analysts' expectations by nine cents apiece.

The company's King Soopers unit is based in Denver, while City Market is headquartered in Grand Junction.

KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 6464917 -
Gray Television, Inc.