Kroger Co. reported first‑quarter revenue of $46.12 billion, beating the $45.59 billion Wall Street forecast, while its share price dropped about 7% after earnings missed expectations.
Financial Results
The Cincinnati‑based retailer posted net income of $903 million, translating to $1.46 per diluted share, up from $866 million and $1.30 per share a year earlier. Adjusted earnings reached $1.58 per share, falling short of the $1.59 consensus by a single cent.
Margin and Sales Dynamics
Comparable‑store sales, excluding fuel, rose 1% year‑over‑year, staying within the