Kroger, the nation’s largest traditional supermarket operator, reported a higher net income for its fiscal second quarter. The Cincinnati-based company lifted the low end of its fiscal 2013 outlook for a key sales measurement. Kroger Co., which owns also Ralphs, Fry’s, Fred Meyer and other chains, said sales rose 3.3 percent at stores open at least a year during the quarter.
The rise was helped by an increase in the number of “loyal” households, which Kroger defines using factors such as how much they spend and how often they visit. Looking ahead, Kroger now expects the sales figure to increase between 3 percent and 3.5 percent for fiscal 2013, excluding fuel. Its previous projection was for an increase of 2.5 to 3.5 percent.The Associated Press