Kroger Co. Q1 Profit Beats Estimates

(RTTNews) - Kroger Co. (KR) reported earnings for first quarter that beat the Street estimates.

The company's bottom line totaled $866 million, or $1.29 per share. This compares with $947 million, or $1.29 per share, last year.

Excluding items, Kroger Co. reported adjusted earnings of $996 million or $1.49 per share for the period.

Analysts on average had expected the company to earn $1.46 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.3% to $45.118 billion from $45.269 billion last year.

Kroger Co. earnings at a glance (GAAP) :

-Earnings: $866 Mln. vs. $947 Mln. last year. -EPS: $1.29 vs. $1.29 last year. -Revenue: $45.118 Bln vs. $45.269 Bln last year.