Log Out | Member Center



Kroger lifts forecast after stronger third quarter

  • Associated Press
  • Published Thursday, Nov. 29, 2012, at 8:39 a.m.

— Kroger Co. is raising its earnings outlook for the year after the nation’s largest traditional supermarket chain reported a third-quarter profit that topped Wall Street expectations.

The company, which also operates Food 4 Less, Fred Meyer and Dillons, said it earned $316.5 million, or 60 cents per share, for the three months ended Nov. 3. That compares with $195.9 million, or 33 cents per share, a year ago.

Not including special items, the company earned 46 cents per share. Total sales rose 6 percent to $21.81 billion.

Analysts on average expected an adjusted profit of 43 cents per share on revenue of $21.55 billion, according to FactSet.

Revenue at supermarkets open at least a year, a key gauge of a retail chain’s performance, rose 3.2 percent.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job


Top jobs