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Kroger Co. (KR) announced a profit for first quarter that declined from the same period last year.


RTTNews | Jun 17, 2021 08:12AM EDT

08:11 Thursday, June 17, 2021 (RTTNews.com) - Kroger Co. (KR) announced a profit for first quarter that declined from the same period last year.

The company's bottom line totaled $140 million, or $0.18 per share. This compares with $1212 million, or $1.52 per share, in last year's first quarter.

Excluding items, Kroger Co. reported adjusted earnings of $918 million or $1.19 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.6% to $41.30 billion from $41.55 billion last year.

Kroger Co. earnings at a glance:

-Earnings (Q1): $918 Mln. vs. $972 Mln. last year.-EPS (Q1): $1.19 vs. $1.22 last year.-Analysts Estimate: $1.01-Revenue (Q1): $41.30 Bln vs. $41.55 Bln last year.

-Guidance:Full year EPS guidance: $2.95 - $3.10

Read the original article on RTTNews ( https://www.rttnews.com/3203162/kroger-co-q1-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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