Discounts Stimulate Sales, Helping Kroger to 36% Increase in Profit for 4th Quarter
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The Kroger Company, the nationâs biggest supermarket chain, said fourth-quarter profit rose more than analysts had anticipated as discounts spurred sales.
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The discount carrier posted quarterly net income of $162 million on strong demand.
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The retailer's earnings improve a lot despite soft sales.
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its profit margins were lower.
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Kroger Co. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday as it attracted shoppers with remodeled stores featuring a better selection of products, and it got an unexpected tax benefit.
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Eastman Kodak Co. EK.N on Wednesday  said fourth-quarter sales of its digital photography products  rose 40 percent, evidence of the early success of its move away  from film.
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Though still seeing its profits shrink, Kraft Foods boosted its quarterly dividend -- or payment to shareholders -- by 14 percent, the company said Tuesday.
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Profit soared on increased sales volume, a lower tax rate and cost savings.
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Amgen Inc  said on Thursday that fourth-quarter profit edged higher, helped by cost cutting, and relieved investors with stronger than expected sales of all its key products.
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Kroger Co. KR.N, the largest U.S.  grocer, on Tuesday reported a lower quarterly profit, hurt by  debt costs even as sales rebounded in Southern California where  it was hit by a strike.
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Kroger Co. KR.N, the top U.S.  grocer, on Tuesday reported that quarterly profit edged up as  it kept a tight rein on expenses and sales rebounded.
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Kroger Co. , the largest U.S. grocery chain, said on Tuesday that quarterly profit rose 15.8 percent, as shoppers were enticed by remodeled stores and improved perishable goods, and it raised its earnings view for the year.
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The Whirlpool Corporation said its fourth-quarter profit climbed 72 percent, helped by its acquisition of Maytag, an improved product mix and the weak dollar.
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Kroger Co., the top U.S. grocer, on  Tuesday posted a 29 percent rise in quarterly profit due to  cost controls, but price cuts to lure shoppers caused earnings  to miss Wall Street estimates and shares fell.
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CVS Caremark Corp  on Thursday posted a higher fourth-quarter profit, boosted by the addition of Caremark's pharmacy benefits business.
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Kroger Co., the largest U.S. grocery chain, said on Thursday that it would start selling a cholesterol reducing, fat-free milk in its stores this week.
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A Kroger spokesman says the agreement includes wage increases and improvements in health insurance coverage. The contract covers about 8,500 employees in Kentucky, Ohio and Indiana.