Kroger: Fiscal 3Q Earnings Snapshot
CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal third-quarter earnings of $317 million.
The Cincinnati-based company said it had profit of 39 cents per share. Earnings, adjusted for non-recurring costs, were 48 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The supermarket chain posted revenue of $27.67 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $27.56 billion.
Kroger expects full-year earnings in the range of $2 to $2.15 per share.
Kroger shares have increased slightly more than 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 1 percent. The stock has increased 9 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at https://www.zacks.com/ap/KR