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Consumers are ‘vastly overestimating’ grocers’ profit margins

CHICAGO — Americans have an exaggerated perception of food retailers’ profit margins and overestimate the impact of inflation on grocery prices, according to a new report. According to the latest dunnhumby Consumer Trends Tracker, U.S. consumers think the net profit margin for grocery retailers is 35.2%, or 14 times higher than the 2.5% margin actually

Kroger’s earnings rise for Q4 and year

Kroger’s earnings rise for Q4 and year

CINCINNATI — Kroger Co. on Thursday said profits increased 17% to $2.04 billion in the fiscal year ended January 30 on a 1.3% rise in sales to $109.8 billion. The company said same-store supermarket sales, excluding fuel, have now increased for 49 consecutive quarters. “2015 was an outstanding year for Kroger,” chairman and chief executive