Kroger 1Q beats Wall Street

Kroger Co. reported net earnings of $432.3 million in the first quarter, or 70 cents per diluted share, beating analysts? estimates.

Earnings were up 15.7 percent from $373.7 million in the same period last year. Analysts were expecting earnings of 64 cents per share on average.

Sales for the quarter, including fuel, increased 11 percent to $27.5 billion in the first quarter, compared to $24.7 billion last year. Without fuel sales, total sales at Kroger (NYSE: KR) stores increased 4.8 percent from last...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/nFNt94yblgs/kroger-1q-beats-wall-street.html

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