CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal fourth-quarter net income of $634 million.
On a per-share basis, the Cincinnati-based company said it had profit of 90 cents. Earnings, adjusted for costs related to mergers and acquisitions and severance costs, came to $1.14 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The supermarket chain posted revenue of $34.31 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $34.56 billion.
For the year, the company reported profit of $2.67 billion, or $3.67 per share. Revenue was reported as $147.12 billion.
Kroger expects full-year earnings in the range of $4.60 to $4.80 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at https://www.zacks.com/ap/KR
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