Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Kroger Raises Profit Forecast as Sales Surge; Shares Advance

June 16 (Bloomberg) -- Kroger Co., the largest U.S. grocery chain, raised its full-year profit forecast after sales surged last quarter, pushing the shares up the most since October 2009.

Earnings will be as much as $1.95 a share, Cincinnati-based Kroger said today in a statement. That compares with a previous forecast of up to $1.92. Analysts on average anticipate $1.90, according to a Bloomberg survey.

Total sales surged 11 percent to $27.5 billion in the first quarter, bolstered by fuel sales. Kroger, led by Chief Executive Officer David Dillon, is raising prices to help compensate for increasing costs for food and gas. The grocer is vying with discount chains such as Wal-Mart Stores Inc. and Target Corp. for budget-wary shoppers.

The shares advanced $1.04, or 4.5 percent, to $23.99 at 4 p.m. in New York Stock Exchange composite trading. The gain was the largest since Oct. 15, 2009.

To contact the reporter on this story: Ashley Lutz in New York at

To contact the editor responsible for this story: Robin Ajello at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.