Kroger extended its streak of sales misses — but that's not hurting its profits

Earnings Results - Kroger reported quarterly profits that exceeded expectations, leading to a rise in its stock price despite a broader market selloff [1] - The company has extended its streak of sales misses to seven consecutive quarters, yet it continues to improve profitability on each dollar of sales [1] - The improvement in gross margin is attributed to lower costs for sourcing and transporting supplies, as well as reduced shrink, which refers to inventory loss due to various factors including theft [1]