Following a less than spectacular first quarter−when its stock tumbled to its largest one-day loss since 1999 after same-store sales dropped for the second consecutive quarter−Kroger, the largest U.S. supermarket chain by revenue and the second-largest retailer (behind Walmart), registered a much more positive fiscal result in the second quarter.
Total second-quarter sales increased 3.9 percent, to $27.6 billion, up from $26.6 billion for the same period last year.
Kroger CEO Rodney McMullen said during the....