WALL STREET REACTS TO KROGER'S LOWER EARNINGS

CINCINNATI -- Kroger Co. here said last week it is lowering its earnings growth estimate for the year to 5% to 7% -- a move that drove the company's stock price down in what securities analysts told SN was an overreaction.Kroger had previously forecast an earnings growth of 10% to 12% annually. Last week's estimate of 5% to 7% for the year excludes one-time items and goodwill expense.Joseph A. Pichler,

CINCINNATI -- Kroger Co. here said last week it is lowering its earnings growth estimate for the year to 5% to 7% -- a move that drove the company's stock price down in what securities analysts told SN was an overreaction.

Kroger had previously forecast an earnings growth of 10% to 12% annually. Last week's estimate of 5% to 7% for the year excludes one-time items and goodwill expense.

Joseph A. Pichler, chairman and chief executive officer, said the lower forecast results fro

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