CINCINNATI — The Kroger Co., parent company of Dillons, reported its second quarter 2020 results on Friday.
Total company sales were $30.5 billion in the second quarter, compared to $28.2 billion for the same period last year.
Excluding fuel, sales grew 13.9%. Digital sales grew 127%. Kroger reported an operating Profit of $820 million.
As of Friday's report, the company believes its 2021 business results will be higher than would have been expected prior to the COVID-19 pandemic.
The company also authorized a $1 billion share repurchase program, replacing a previous authorization in 2019.
Earlier this year, Kroger increased the dividend by 13%, marking the 14th consecutive year of dividend increases.