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Kroger Q1 adjusted earnings inline with estimates

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Christian Fernsby ▼ | June 21, 2019
Kroger   The company's profit was $772 million, or $0.95 per share

Kroger reported a profit for first quarter that declined from the same period last year.

The company's profit was $772 million, or $0.95 per share. This compares with $2026 million, or $2.37 per share, in last year's first quarter.

Excluding items, Kroger Co. reported adjusted earnings of $586 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $37.25 billion from $37.72 billion last year.

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