Kroger profits rising.

[moneysense]

Krogers profits have risen by eight percent according to the Kroger Co.

This rise in profits is said to be because more people are eating at home these days instead of going out to restaurants as much as they used to. So this finds more and more people in the supermarkets.

And more and more people are buying what they need these days as opposed to what they want as they did in the past.

Kroger sees a lot of good sales in the deli department, their bakery and meat departments, and they are seeing a lot more use of store coupons these days.

Krogers "Value" brand is seeing an increase in sales.

It is said that Krogers is a good way to tell what is going on in the supermarket sector of the economy.

Kroger now offers 14,000 of its own brand of groceries, which also leads to more sales.

Kroger says they had a net income for the quarter of $349M as compared to $329M a year ago.

The money that a family of 4 can save by eating at home as opposed to going out to eat, can be significant and Krogers is a great place to hit when you are looking for sales on items such as coffee. Our local grocery store sells coffee for $10.49 a can and I got 2 cans at Krogers this week for $10.22. So that was a significant savings and well worth the trip to Krogers for the savings.

[dimetime]

Going out to eat is of course always nice, though right now its hard to find the extra cash to eat out.

I am glad to see that Krogers is doing well. I love to shop there because the Kroger brand is not only less expensive as the other brand named products but it also tastes just as good or even better.

I also love shopping at Krogers because of the Kroger card. That little card can really help a person or family in savings when it comes to grocery shopping.