Kroger (KR) Tops Q1 EPS by 1c; Adj. Comps Lighter than Expected
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Kroger Reports First Quarter Results
June 16, 2016 8:45 AM EDTCINCINNATI, June 16, 2016 /PRNewswire/ --
First Quarter 2016 Highlights
Achieved 50th consecutive quarter of positive identical supermarket sales growth, excluding fuel Exceeded goal to slightly expand FIFO operating margin, without fuel and Roundy's, on a rolling four quarters basis Now offering ClickList and ExpressLane online ordering services in 25 marketsThe Kroger Co. (NYSE: KR) today reported net earnings of $680 million, or $0.70 per diluted share, and identical supermarket sales growth, without fuel, of 2.4% in the first quarter of 2016.... More
