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 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning