Kroger Co. wrapped up its fiscal year by posting 19 percent earnings per share growth in the fourth quarter, matching analysts’ expectations. But its 2018 profit outlook was lower than expected, driving down its stock.
Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, earned 63 cents per share excluding unusual items. That’s up from 53 cents in the year-ago quarter and equal to consensus estimates from analysts polled by both Thomson Reuters and…
Houston Biz Journal
Here’s why Kroger’s earnings report caused its stock to fall