Kroger Has Cautious Outlook

Kroger Has Cautious Outlook

CINCINNATI — Kroger Co. last week reported first-quarter earnings that exceeded market expectations but saw its stock tumble anyway after adjusting annual guidance only modestly.

The retailer said net earnings in the quarter, which ended May 25, totaled $481 million, or 92 cents per share, on sales of $30 billion. Analysts had expected earnings of 89 cents per share.

Kroger subsequently rai

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