CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal first-quarter profit of $903 million.
The Cincinnati-based company said it had profit of $1.46 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.58 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The supermarket chain posted revenue of $46.12 billion in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $45.52 billion.
Kroger expects full-year earnings in the range of $5.10 to $5.30 per share.
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