Kroger Feeds Wall Street Tasty Earnings, Hearty Outlook
Posted on March 07, 2013 at 10:42 AM EST
Shares of Kroger moved to a multi-year high early Thursday after the grocery store operator beat fiscal fourth-quarter earnings views and offered a strong outlook for the current year. The operator of the Ralphs and Food 4 Less chains reported quarterly earnings of 77 cents a share, excluding items. That was up 54% from the prior year and 7 cents above Thomson Reuters estimates. Kroger (KR) has reported accelerated earnings growth in its last six