fiscal 2016

Kroger shows 2016 rise in revenue and profit

Kroger shows 2016 rise in revenue and profit

CINCINNATI — Kroger Co. on Thursday reported a profit of $2 billion in fiscal 2016, an increase of 3.1% from the preceding year. Revenue rose 5% to $115.3 billion. Excluding fuel, total sales increased 6.7%, the company said. Mergers with Milwaukee-based grocer Roundy’s and specialty pharmacy ModernHEALTH contributed to its 2016 profit growth, Kroger said.