On the earnings side of things, select industry players, such as The Fresh Market and The Kroger Co., have been turning in solid results. In its most recent quarterly report, The Fresh Market saw its net sales jump by 22.1% and comparable store sales rise 5.6% compared to the same period a year ago. Net income was also impressive, coming in at $10.9 million, a 19% rise in year-over-year comparisons. The Kroger Co. also turned in strong numbers, with sales and adjusted earnings per diluted share increasing when compared to the same period last year.
With Americans loosening their purse strings in the wake of better economic times, grocery stores look well positioned to take advantage of the improving trend. If input cost increase stores could see a return to razor thin margins, but for now, the industry looks well equipped to start the year off strong.
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