Login
|
Kroger Gains, Beats Estimates In Q3 Thursday November 29th, 2012 - 12:54PM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
 For the third quarter ended November 3, supermarket operator and Fred Meyer parent The Kroger Co. reported net earnings of $316.5 million, or 60 cents per diluted share including a 14 cent per diluted share benefit from a settlement with Visa and MasterCard, and from a reduction in the company's obligation to a United Food and Commercial Workers Union pension fund. Identical store sales, without fuel, increased 3.2% in the third quarter. Adjusted net earnings of 46 cents per diluted share topped 33 cents per diluted share from net earnings of $195.9 million in last year’s period. Analysts surveyed by Thomson Reuters anticipated Kroger posting earnings of 43 cents per diluted share. Total sales, including fuel, advanced 5.9% to $21.8 billion in the third quarter. Operating profit came in at $594.8 million versus $404.4 million in the 2011 quarter. Consumers visited stores more frequently and purchased more on a monthly basis, buying more items per trip in the quarter, Rodney McMullen, Kroger president and COO, said in a conference call. Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials |
Kohl's Roughed Up In Q1 But Earnings Beat Street »
Lifetime Brands, Bombay Co. Ink Licensing Deal
Wal-Mart Cites Weather For Chilling Q1 Sales
Macy's Q1 Tops Street On Earnings Despite Headwinds
Five Below Sales, Stores, Shares Expand
Meijer Named HomeWorld's 2013 Retail Champion
With all the color that has been unleashed on the housewares business this year, asking what the hot colors are is not enough. It’s more important to understand why they might be hot and how they can be applied to generate sustained revenue.
