US grocery giant Kroger has raised its earnings guidance amid improving operating margins.
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The company said net earnings per share would “slightly exceed” its target of US$1.64-1.67 in its fiscal 2007 year. Operating margins are “slightly improving”, Kroger said.
The company forecast that like-for-like supermarket sales growth, excluding fuel sales, would reach around 5%.
Last month, Kroger reported what it described as “solid” figures for its third quarter to 10 November.
The company, which operates under banners including Ralphs and Fred Meyer, said identical supermarket sales, excluding fuel, rose 5.7%.
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