CINCINNATI — Kroger Co. here on Thursday reported earnings that exceeded analyst estimates for the fiscal first quarter, and summarily increased earnings guidance for the fiscal year. Net earnings of $439.4 million, or 78 cents a share, exceeded consensus estimates of 72 cents; the gain was driven in part by cost reductions and a lower tax rate. Sales increased 5.8% to $29.1 billion, which was slightly below analyst estimates. Excluding fuel, identical store sales climbed by ...
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 complimentary access to the SN salary survey data tables.
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.