|
The company's stock fell 37 cents, or 1.6 percent, to close at $22.73 Friday. Its stock has still risen 8 percent since hitting a 52-week low of $20.98 in late July. Kroger traded as high as $24.83 in January. For the three months ended Aug. 11, the company reported net income of $279.1 million, or 51 cents per share. That's down from $280.8 million, or 46 cents per share, a year ago when there were more outstanding shares. Revenue, including fuel, climbed 3.9 percent to $21.73 billion. Analysts expected earnings of 49 cents per share on revenue of $21.89 billion. Kroger now anticipates fiscal 2012 earnings of $2.35 to $2.42 per share, up from $2.33 to $2.40 per share. Analysts predict $2.38 per share.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor