03:40
societynews[dot] org
PROFIT, SALES UP: Cincinnati-based Kroger Co. reported its sales and profits rose in the second quarter, with 5.3 percent sales growth in stores open at least 15 months, a key retail indicator.
GLOOMY SHOPPERS: Kroger executives say shoppers are feeling more pessimistic about the economy; worried about higher prices, unemployment and stock market volatility.
STOCK SLIDES: Investors seemed concerned about lower profit margins and bleaker consumer sentiment in the highly competitive grocery business. Kroger shares were lower amid a broad market decline on Friday.
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