From: Reuters
Published December 11, 2007 08:59 AM

Kroger profit up

CHICAGO (Reuters) - Kroger Co <KR.N>, the largest U.S. grocery chain, posted higher quarterly profit on Tuesday on solid sales growth.

The company said profit was $253.8 million, or 37 cents a share, in the fiscal third quarter ended November 10, compared with $214.7 million, or 30 cents a share, a year earlier.

Analysts on average had forecast 35 cents a share, according to Reuters Estimates.

Kroger has been remodeling stores and promoting items like fresh produce as it battles pressure from rivals ranging from Wal-Mart Stores Inc <WMT.N>, to dollar stores, to warehouse clubs and natural foods chains.

ADVERTISEMENT

(Reporting by Brad Dorfman; Editing by John Wallace)

Terms of Use | Privacy Policy

2017©. Copyright Environmental News Network