Friday, September 9, 2016

Kroger Q2 Adj. Profit Beats View, But Revenues Miss; Lowers FY16 Outlook

Grocery chain operator Kroger Co. on Friday reported a decline in profit for the second quarter from last year, reflecting one-time charges. However, adjusted earnings for the quarter beat analysts' expectations, while revenues missed their estimates. Looking ahead, the company lowered its outlook for fiscal 2016 earnings and identical sales growth.

from RTT - Earnings http://ift.tt/2cIgWqH
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