Kroger Co. (NYSE:KR), the biggest U.S. supermarket operator, reported on Thursday an increase in quarterly profit and raised its annual profit forecast. The company said it earned $481 million, or 92 cents a share, last quarter, compared with a profit of $439 million, or 78 cents a share, a year earlier. Analysts had been calling for EPS of 0.88 cents. Revenue rose 3.4 percent to $30 billion, which is slightly below the Street’s expectation of $30.2 billion. Excluding fuel, sales were up 3.8 percent. Key Takeaways From Kroger First Quarter 2013 Results Achieved 38th consecutive quarter of positive identical supermarket…
Kroger Reports Positive Growth Across The Board
HFA Staff
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