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Kroger: Fiscal Q2 Earnings Snapshot
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CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Friday reported fiscal second-quarter profit of $641 million.

The Cincinnati-based company said it had profit of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The supermarket chain posted revenue of $34.62 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $34.69 billion.

Kroger expects full-year earnings in the range of $5.10 to $5.30 per share.

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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 https://www.zacks.com/ap/KR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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