Kroger’s profit beats Wall Street expectations

March 7, 2013 • Business

FILE – This June 12, 2012 file photo shows a Kroger store in Indianapolis. The Kroger Co. announced Thursday, March 7, 2013 that its fourth-quarter profit in 2012 handily beat Wall Street expectations. (AP Photo/Michael Conroy, File)

NEW YORK (AP) — Kroger’s fourth-quarter profit handily beat Wall Street expectations as the country’s largest traditional supermarket operator saw sales climb.

The Cincinnati-based company, which also owns Ralphs, Fry’s and Food 4 Less, said revenue at stores open at least a year rose 3 percent for the quarter, excluding fuel. The metric is a key Login to read more

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