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Sales, including fuel, increased 6 percent to 18.8 billion, replica brand watches beating the analysts average estimate of 18.7 billion.Excluding gasoline, sales rose 3.3 percent.The number of .loyal households,.which Kroger calculates based on total purchase size and how often they shop at its stores, rose during the quarter, Chief Operating Officer Rodney McMullen said.CHICAGO (Reuters) Kroger Co (KR.N) beat analysts quarterly earnings estimates by focusing on service to keep its current customers instead of slashing prices to attract new ones, the largest U.S.supermarket chain said on Tuesday.
Despite the earnings beat, Kroger stood by its replica Longines watch previous forecast for fiscal-year earnings of 1.60 to 1.80 per share.Analysts expect 1.74.Analysts on average were expecting 36 cents a share, according to Thomson Reuters I/B/E/S.Krogers results came as the Commerce Department reported that in August, U.S.retail sales posted their largest gain in five months.McMullen said Kroger had seen more cost deflation than expected, which investors sometimes see as a negative business indicator.
