Kroger Earnings Take Hit From Hurricane Ike While Sales Soar

Shares in Kroger were trading down more than 6% yesterday after the retailer here acknowledged sluggish sales of nonfood items in the current quarter and a decline in earnings in the third quarter due to expenses related to Hurricane Ike.

CINCINNATI — Shares in Kroger were trading down more than 6% yesterday after the retailer here acknowledged sluggish sales of nonfood items in the current quarter and a decline in earnings in the third quarter due to expenses related to Hurricane Ike.

Net income for the third quarter ending Nov. 8 fell 6.3% to $237.7 million, including an after-tax charge of $15.9 million, or 3 cents a share, related to the chain's $25 million deductible for disruption and damaged caused by Hur

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