For the quarter ended May 21, Kroger had net earnings of $432.3 million. Net earnings in the same period last year were $373.7 million.Total sales in the first quarter, including fuel, increased 11%, to $27.5 billion from a year ago, the company said.
Identical-store sales, excluding fuel, rose 4.6% for the fiscal first quarter.
Kroger raised its full-year earnings forecast to a range of $1.85 to $1.95 a share from the previous $1.80 to $1.92. The company said it expected full-year results to come in near the top end of the new range.
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