KROGER FINDS NUMBERS AT RALPHS NOT QUITE RIGHT

CINCINNATI -- Kroger Co. here last week said it will restate earnings "by minor amounts" as a result of improper accounting practices at Ralphs Grocery Co., Compton, Calif., which Kroger acquired in May 1999 as part of its merger with Fred Meyer.The accounting discrepancies were discovered through an anonymous tip before an internal audit by Kroger, according to the company. The restated earnings

CINCINNATI -- Kroger Co. here last week said it will restate earnings "by minor amounts" as a result of improper accounting practices at Ralphs Grocery Co., Compton, Calif., which Kroger acquired in May 1999 as part of its merger with Fred Meyer.

Register to view the full article

TAGS: Kroger