Krogers profit beats expectations total sales decline reflects shorter quarter

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Kroger’s profit beats expectations; total sales decline reflects shorter quarter by Candice Choi, The Associated Press Posted Mar 6, 2014 6:53 am MDT FILE – This June 12, 2012 file photo shows a Kroger store in Indianapolis. The Kroger Co. reports quarterly earnings on Thursday, March 6, 2014. (AP Photo/Michael Conroy, File) NEW YORK, N.Y. – Kroger reported a better-than-expected profit for its fourth quarter Thursday as the nation’s largest supermarket operator saw a key sales figure rise.The Cincinnati-based company, which also operates Ralphs and Fry’s, has fared better than its peers in adapting to a shifting supermarket landscape that is facing intensifying competition. In particular, people are getting their groceries from a wider variety of places, including big-box retailers like Target, specialty chains like Whole Foods, drugstores and dollar stores.To keep pace, Kroger has adapted its store formats, developing both larger and smaller locations to compete in different segments of the market. It’s also trying to improve the in-store experience, whether it’s by expanding specialty food sections or shortening wait times at check-out.For the period ending Feb. 1, Kroger Co. said sales at established locations rose 4.3 per cent, excluding fuel.By comparison, Safeway last month said the figure rose 1.6 per cent in its latest quarter. Safeway, based in Pleasanton, Calif., has also said it’s in talks to put itself up for sale amid ongoing consolidation in the industry.For the quarter, Kroger said it earned $422 million, or 81 cents per share. Excluding one-time items, it earned 78 cents per share, topping the 72 cent per share Wall Street expected.A year ago, it earned $462 million, or 88 cents per share.Revenue slipped to $23.22 billion, reflecting the shorter quarter with one less week compared with last year. But the results were above the $23.15 billion analysts expected.Shares of Kroger were up 2 per cent at $44.63 in premarket trading. read more

9 signs youve been living without storage for too long

first_imgMODERN LIVING IN many parts of Ireland means that lots of people are living in apartments.Tiny apartments made of paper with virtually no storage.  Thus, many people are living in what we affectionately call ‘storage hell’.If you are one of those people, you will be familiar with these signs which indicate that you have been there too long.There are no clear spaces in your apartment Source: Scott ThiemanFor a special occasion, you’ll clear a space to have dinner, but most of the time the table is used as a storage space.Every time you open your drawers stuff pops out Source: Good Morning AmericaYou have to carefully squeeze everything back in as you close it to make it shut.Your laundry basket is always full Source: bovinityThere isn’t enough room in your wardrobe for all your clothes if they’re clean.Countless things that should not be visible are constantly on display in your home Oh those? We were hoping you wouldn’t look up… We just don’t have anywhere to put them. Source: guy schmidtYour Christmas decorations may not be up all year but they are certainly visible.  That’s because you have to put them on top of the presses in your kitchen because there is LITERALLY NO WHERE ELSE.Your oven is never empty Source: ImgurIt’s a perfectly legitimate place to store things.You’re afraid to open your hot press Forget the cat, imagine having a hot press this big with this much empty space in it! Source: ImgurGod only knows what might fall out and hit you on the head.Ikea is your happy place Source: We Make Noise!All the perfectly organised pretend rooms full of pretend stuff make you feel like you could possibly have a home like that someday.This image makes you want to weep Source: ImgurImagine!  Imagine having all those options!You’re insanely jealous of anyone with an attic Source: Nina J. G.Sure you could fire anything up there!  Anything!  Your suitcases wouldn’t have to constantly be on display!  You’d have somewhere to put the Christmas tree! You could even… gasp… put away your summer clothes!You dream of one day things getting betterNo literally, you’ve had that dream, and you didn’t want to wake up.Are you struggling with a lack of storage?  Share your pain with us in the comments.Family Guy killed off a major character last night and fans aren’t happy (Spoilers)>This map proves that being Irish in China can be confusing>last_img read more