Shares of Kroger Co. climbed 3.8% in premarket trading Thursday, after the grocery-store chain reported fiscal fourth-quarter profit and same-store sales...
Shares of Kroger Co. KR climbed 3.8% in premarket trading Thursday, after the grocery-store chain reported fiscal fourth-quarter profit and same-store sales that beat expectations and provided an upbeat outlook. Net income for the quarter to Jan. 28 fell to $450 million, or 62 cents a share, from $566 million, or 75 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 99 cents from 91 cents and beat the FactSet consensus of 90 cents.
28 fell to $450 million, or 62 cents a share, from $566 million, or 75 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 99 cents from 91 cents and beat the FactSet consensus of 90 cents. Sales rose 5.4% to $34.82 billion, but missed the FactSet consensus of $35.03 billion, but same-store sales growth of 6.2% beat expectations of a 4.9% rise. Gross margin was 21.8% of sales, down from 22.2% a year ago.
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