business news in context, analysis with attitude


  • Kroger Co. reported a fourth quarter loss of $337.4 million in the fourth quarter, compared to earnings of $381 million during the same period a year earlier - a dramatic shift that the company attributed to the four-month-long Southern California grocery strike.

    Sales for the fourth quarter increased 4.5 percent to $13 billion, including stores affected by the strikes.

    For fiscal 2003, earnings were $314.6 million, compared to $1.2 billion a year earlier. Annual sales increased 4 percent to $53.8 billion.


  • Wal-Mart de Mexico SA (Walmex) reported that February sales were $887 million, up 8.6 percent from the same month a year ago. Same store sales were up 8.6 percent.


  • CVS Corp. reported that February sales increased 7.3 percent to $2.13 billion from $1.98 billion a year earlier. Same store sales were up 5.4 percent for the period, while same-store pharmacy sales were up 7.5 percent.

    Year-to-date, total sales increased 7.1 percent to $4.17 billion from $3.89 billion a year earlier. Same-store sales for the eight-week period increased 5.5 percent from a year earlier. Pharmacy same-store sales increased 7.9 percent.


  • Rite Aid Corporation posted February sales that rose 4.2 percent to $1.630 billion compared to $1.565 billion for the same period last year. Same store sales were up 4.5 percent.

    Total drugstore sales for the quarter increased 6.1 percent to $4.380 billion against $4.128 billion in the same quarter last year. Same-store sales for the quarter were up 6.4 percent.


  • Krispy Kreme Doughnuts Inc. reported fourth-quarter profit of $16.4 million, compared with $11.3 million a year ago.

KC's View: