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Kroger Gains Market Share

Kroger reported a $1.7 billion profit for 2014, constituting a 13.8% increase from the previous year. Sales rose 10.3% to $108.5 billion, thanks to last year's acquisition of the North Carolina-based Harris Teeter chain. Same store sales rose 5.2% last year. "2014 was an outstanding year by all measures. Kroger captured more share of the massive food market, delivered on our commitments and invested to grow our business," Kroger CEO Rodney McMullen said.

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