fiscal second quarter earnings Archives - MMR: Mass Market Retailers

Slowing inflation drags on Kroger earnings

September 8, 2023 by MMR fiscal second quarter earnings, Inflation, Kroger Leading Headlines, Money, Retail News

CINCINNATI — The Kroger Co. today said revenue declined in the second quarter of fiscal 2023 as the rate of inflation slowed. Kroger reported net sales of $33.8 billion for the three months to August 12, down from $34.6 billion in the comparable period a year ago. Kroger reiterated its forecast for the full year

DG posts 24% decline in operating profit

August 31, 2023 by MMR CEO Jeff Owen, Dollar General Corp., fiscal second quarter earnings Featured Articles, Leading Headlines, Money

GOODLETTSVILLE, Tenn.— Dollar General Corp. today reported a 24.2% decline in operating profit for its fiscal second quarter. Same-store sales declined 0.1% in the 13 weeks to August 4. Contributions from newly opened stores drove a 3.9% increase in net sales from a year earlier, to $9.8 billion. “While we are not satisfied with our