Kroger has reported improved profit for the fourth quarter (Q4) of the year on the back of strong sales of its own Value and Private Selection brands.
The US grocery retailer said that net income increased to US$349.2m, or US$0.53 per share, up from US$322.9m or US$0.48 per share.
Total sales for the quarter jumped from US$17.23bn to US$17.26bn, Kroger said, while identical supermarket sales excluding fuel rose 3.8 per cent.
Looking ahead, the retailer said that it expected identical supermarket sales to increase by 3-4 per cent, while it anticipated cost inflation to hit 1-2 per cent.
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