CINCINNATI (AP) - Kroger Co. (KR) on Thursday reported fiscal first-quarter profit of $619 million.
CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal first-quarter profit of $619 million.
The Cincinnati-based company said it had profit of $1.25 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The supermarket chain posted revenue of $33.05 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $33.3 billion.
Kroger expects full-year earnings to be $3.80 to $3.90 per share.
Kroger shares have climbed 14 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has climbed 55 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at http://www.zacks.com/ap/KR
Keywords: Kroger, Earnings Report