Friday, March 4, 2011

United States

Kroger Co. posted higherthan-expected earnings and sales as shoppers boosted spending on food and gasoline, and the biggest U.S. supermarket operator announced a $1 billion share repurchase plan, sending its shares up nearly five per cent. The company, whose stores include Kroger, Ralphs, King Soopers, Fry's and Food 4 Less, said it had earned $278.8 million U.S., or 44 cents per share, in the fourth quarter ended on Jan. 29, up from $255.4 million, or 39 cents per share, a year

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