September 13, 2018 / 11:41 AM / 2 months ago

Kroger's same-store sales miss estimates

Sept 13 (Reuters) - Kroger Co missed quarterly same-store sales estimates on Thursday, as disruptions caused by the supermarket chain changing the way it stocks merchandise on shelves kept some customers away from its stores.

Cincinnati-based Kroger said net income rose to $508 million, or 62 cents per share, in the second quarter ended Aug. 18, from $353 million, or 39 cents per share, a year earlier.

The company's same-store sales, excluding fuel, rose 1.6 percent in the quarter. Analysts on average had expected a 1.86 percent increase, according to Thomson Reuters I/B/E/S.

Total sales rose to $27.87 billion from $27.60 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below