US retail giant the Kroger Company has revealed in a news statement a 7.1 per cent increase in total sales for fiscal year 2010 to US$82.2bn, compared with US$76.7bn in 2009.
Excluding fuel, total sales rose by 3.4 per cent over the same period in 2009, while same-store sales, without fuel, increased 2.8 per cent in 2010 compared with the prior fiscal year.
The group’s fourth-quarter total sales, which include fuel, also rose by 7.4 per cent to US$19.9bn, up from US$18.6bn for the same period last year.
Excluding fuel sales, total sales in Q4 grew by 4.2 per cent over the same period last year, while identical supermarket sales, without fuel, increased 3.8 per cent in comparison to Q4 2009.
“Kroger’s business proved resilient in 2010, weathering a challenging environment that continued to affect many of our customers,” said David B. Dillon, Kroger’s chairman and CEO.
“We achieved solid positive identical supermarket sales and market share growth, which demonstrates that we can strengthen our business and increase earnings by placing our customers’ needs first.”
Mr Dillon said the retailer’s customers appreciate the “distinct blend” of friendly service, variety and value that Kroger’s family of stores offers.
“Our strong fourth quarter results show we are on the right path,” he explained. “Thanks to the Kroger team, we increased identical supermarket sales, gained more loyal customers and strengthened our competitive position among grocery retailers.”
Kroger operates 2,458 supermarkets and multidepartment stores in 31 states of the US under a number of banners, including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry’s, King Soopers, QFC, Ralphs and Smith’s.
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