Kroger Profit Tops Estimates After New Locations Help Sales
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Kroger Co., the largest U.S. supermarket chain, reported third-quarter profit that topped analysts’ estimates and raised its annual forecast after new locations and organic products fueled sales.
Net income rose 18 percent to $428 million, or 43 cents a share, Cincinnati-based Kroger said in a statement on Thursday. Analysts estimated 39 cents, on average.