Kroger misses 3Q profit forecasts
CINCINNATI — Kroger Co. (KR) on Thursday reported fiscal third-quarter profit of $391 million.
On a per-share basis, the Cincinnati-based company said it had profit of 41 cents.
The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The supermarket chain posted revenue of $26.56 billion in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $26.25 billion.