On Friday, Kroger Co (NYSE:KR)’s shares inclined 5.34% to $37.29.
The Kroger Co. (KR) stated net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.
Details of Second Quarter 2015 Results
As a result of lower retail fuel prices, total sales raised 0.9% to $25.5 billion in the second quarter contrast to $25.3 billion for the same period last year. Total sales, not taking into account fuel, raised 5.7% in the second quarter over the same period last year.
Kroger recorded a $21 million LIFO charge during the second quarter contrast to a $26 million LIFO charge in the same quarter last year.
FIFO gross margin was 21.5% of sales for the second quarter. Not Taking Into Account retail fuel operations, FIFO gross margin reduced 7 basis points from the same period last year.
Total operating expenses – not taking into account retail fuel operations – reduced 35 basis points as a percent of sales contrast to the preceding year.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, in addition to meat, dairy, baked goods, and fresh produce items.
Intel Corporation (NASDAQ:INTC)’s shares gained 0.68% to $29.47.
Intel Corporation’s board of directors has declared a quarterly dividend of 24 cents per share (96 cents per share on an annual basis) on the company’s common stock. The dividend will be payable on December 1, 2015, to stockholders of record on November 7, 2015.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, transportation systems, and retail devices. It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; system-on-chip products that integrate its central processing units with other system components onto a single chip; and wired network connectivity products.
At the end of Friday’s trade, Sprint Corp (NYSE:S)‘s shares surged 1.24% to $4.88.
Sprint and Youth Guidance kick off the school year tonight by taking 100 Working on Womanhood members and staff to a Chicago Sky WNBA game and dinner.
For 90 years, Youth Guidance has served inner-city areas where the challenges of community violence and academic failure among youth are greatest. The agency operates in 80 Chicago public schools and directly served more than 8,000 youth in the 2014-2015 school year. Working on Womanhood (W.O.W.) is one of Youth Guidance’s school-based programs, which supports at-risk girls in grades 7-12 through counseling, mentoring, character development, and educational enrichment.
In addition to the Chicago Sky WNBA game and dinner, Sheryl Swoopes, head coach of the women’s basketball team at Loyola University and WNBA legend, will join as Sprint’s dinner guest. Swoopes is a four-time WNBA champion, NCAA champion and three-time Olympic gold medalist.
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company’s Wireless segment offers wireless data communication services, counting mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet administration, dispatch services, and navigation tools; and mobile entertainment applications.
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