Kroger: Fiscal Q4 Earnings Snapshot
CINCINNATI (AP) _ Kroger Co. (KR) on Thursday reported a fiscal fourth-quarter loss of $77 million, after reporting a profit in the same period a year earlier.
The Cincinnati-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, were 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The supermarket chain posted revenue of $30.74 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $31.01 billion.
For the year, the company reported profit of $2.59 billion, or $3.27 per share. Revenue was reported as $132.5 billion.
Kroger expects full-year earnings in the range of $2.75 to $2.95 per share.
Kroger shares have climbed roughly 5% since the beginning of the year, while the S&P’s 500 index has risen roughly 2%. The stock has climbed 13% in the last 12 months.