Oppenheimer Cuts Price Target on Kroger (KR) Following Soft 4Q
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Kroger Reports Fourth Quarter and Full Year 2015 Results
March 3, 2016 8:00 AM ESTCINCINNATI, March 3, 2016 /PRNewswire/ --
Fiscal 2015 Highlights
Achieved 49th consecutive quarter of positive identical supermarket sales growth, excluding fuel Reduced operating expenses as a rate of sales for 11th consecutive year Exceeded commitment to slightly expand FIFO operating margin, excluding fuel and Roundy's, on a rolling four quarters basis Increased capital investment and improved return on invested capitalThe Kroger Co. (NYSE: KR) today reported fourth quarter net earnings of $0.57 per diluted share and identical supermarket sales growth, without fuel, of 3.9%. Including six... More
