USA: Kroger reports lower quarterly earnings
US grocery retailer Kroger has reported lower quarterly profit as it struggled with higher operating costs and fierce competition from US retail giant Wal-Mart. The Cincinnati-based company reported a profit of US$190.4m, or 25 cents a share, for the second quarter to 16 August, compared to $264.0m, or 33 cents a share, a year earlier. Analysts had been expecting, on average, profit of 32 cents a share.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- How Tyson's new CEO plans to grow the meat group
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Verlinvest, China Resources invest in Oatly
- Tyson sets up US$150m investment fund