CINCINNATI — Despite recording an increase in total and identical-store sales during fourth quarter 2011, Kroger reported a net loss due to costs associated with consolidating its pension plan for union workers.
The grocer, whose banners include Kroger, Ralphs and Food 4 Less, said the loss of of $306.9 million, or 54 cents per share, compared with a profit of $278.8 million in the year-ago period.
Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9% (excluding fuel).