CINCINNATI — Shares in Kroger were trading down more than 6% yesterday after the retailer here acknowledged sluggish sales of nonfood items in the current quarter and a decline in earnings in the third quarter due to expenses related to Hurricane Ike. Net income for the third quarter ending Nov. 8 fell 6.3% to $237.7 million, including an after-tax charge of $15.9 million, or 3 cents a share, related to the chain's $25 million deductible for disruption and damaged caused by Hurricane Ike in ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.