Kroger 3Q profit in line; maintains outlook - 13 WTHR Indianapolis

Kroger 3Q profit in line; maintains outlook

Updated:
CINCINNATI -

Kroger's net income fell nearly 6 percent during the third quarter, partly on the costs from the pending acquisition of Harris Teeter.
 
The nation's largest traditional supermarket operator reported net income of $299 million, or 57 cents per share. That compares with net income of $317 million, or 60 cents per share a year ago. Excluding one-time items, net income totaled 53 cents per share, matching expectations, compared with 46 cents per share last year.
 
Revenue rose 3 percent to $22.51 billion from $21.81 billion. Analysts expected $22.72 billion.
 
Kroger Co., which owns also Ralphs, Fry's and other chains, said sales rose 3.5 percent at stores open at least a year.
 
The company stuck to its per-share earnings expectations of $2.73 to $2.80 for the year.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Friends, colleagues remember life of slain IMPD officer

    Friends, colleagues remember life of slain IMPD officer

    Saturday, April 19 2014 12:34 PM EDT2014-04-19 16:34:23 GMT
    Picture provided by familyPicture provided by family
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department. Neighbors and those who worked with Ofc. Kimberlee Carmack are still trying to understandMore >>
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department.More >>
  • Franklin mom visited by phony CPS workers

    Franklin mom visited by phony CPS workers

    Thursday, April 17 2014 8:11 AM EDT2014-04-17 12:11:37 GMT
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
  • Murder-suicide tragedy rare, but followed pattern

    Murder-suicide tragedy rare, but followed pattern

    Friday, April 18 2014 11:49 PM EDT2014-04-19 03:49:46 GMT
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
Powered by WorldNow