CINCINNATI — Kroger Co. last week reported first-quarter earnings that exceeded market expectations but saw its stock tumble anyway after adjusting annual guidance only modestly. The retailer said net earnings in the quarter, which ended May 25, totaled $481 million, or 92 cents per share, on sales of $30 billion. Analysts had expected earnings of 89 cents per share. Kroger subsequently raised its annual earnings guidance to a range of $2.73 to $2.80 per share, from previous ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.