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Kroger’s quarterly sales rise 4.5 percent

(Reuters) – Kroger Co (KR.N), the biggest U.S. supermarket chain, reported a 4.5 percent rise in quarterly sales on Thursday as its aggressive discounting lured more customers to its stores.

FILE PHOTO: A shopper walks out of a Ralphs grocery store, which is owned by Kroger Co, ahead of company results in Pasadena, California U.S., December 1, 2016. REUTERS/Mario Anzuoni/File Photo

Net earnings attributable to Kroger rose to $397 million, or 44 cents per share, in the third quarter ended Nov. 4, from $391 million, or 41 cents per share, a year earlier.

Sales climbed to $27.75 billion from $26.56 billion.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Martina D’Couto

Our Standards:The Thomson Reuters Trust Principles.

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