Northcoast Research Upgrades Kroger (KR) to Buy
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Kroger Reports Record Third Quarter Results
December 3, 2015 8:55 AM ESTCINCINNATI, Dec. 3, 2015 /PRNewswire/ --
Third Quarter 2015 Highlights:
Achieved 48th consecutive quarter of positive identical supermarket sales growth, excluding fuel Exceeded goal to slightly expand FIFO operating margin, without fuel, on a rolling four quarters basis Leveraged operating expenses as a rate of sales due to strong cost controls and identical supermarket sales growthThe Kroger Co. (NYSE: KR) today reported net earnings of $428 million, or $0.43 per diluted share, and identical supermarket sales growth, without fuel, of 5.4% in... More
