Kroger Boosts Fiscal-Year Guidance After Strong Q1

Kroger Co. said net income for its fiscal first quarter, which ended May 24, rose 14.7% to $386 million, with per-share earnings hitting a record of 58 cents, compared with 47 cents a year ago.

CINCINNATI — Kroger Co. here said net income for its fiscal first quarter, which ended May 24, rose 14.7% to $386 million, with per-share earnings hitting a record of 58 cents, compared with 47 cents a year ago. Sales climbed 11.5% to $23.1 billion, and identical-supermarket sales, excluding fuel, rose 5.8%. Kroger said it was raising its financial guidance for earnings and identical sales growth for the year. It now projects earnings gains of 9% to 12% over the $1.69 per share in the prior f

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