HUTCHINSON, Kan. — Despite threats of a slow down due to an ease in pandemic driven shopping, Kroger posted solid numbers as it released its third quarter earnings.
The parent company of Dillons recorded total earnings of $0.80 per share compared with $0.31 per share in 2019. Profits totaled $792 million compared with $254 million last year and total sales increased by more than 11% to $29.7 billion.
Some analysts thought that Kroger's numbers might slide a little given the pandemic driven sales that fueled the company’s strong first half of the fiscal year.
Digital sales for the company also increased by more than 108%.