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Kroger Co. Q1 adjusted earnings Inline With Estimates

Kroger Co. (KR) reported a profit for first quarter that declined from the same period last year.

The company's profit totaled $772 million, or $0.95 per share. This compares with $2026 million, or $2.37 per share, in last year's first quarter.

Excluding items, Kroger Co. reported adjusted earnings of $586 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $37.25 billion from $37.72 billion last year.

Kroger Co. earnings at a glance:

-Earnings (Q1): $586 Mln. vs. $626 Mln. last year.
-EPS (Q1): $0.72 vs. $0.73 last year.
-Analysts Estimate: $0.72
-Revenue (Q1): $37.25 Bln vs. $37.72 Bln last year.

Full year EPS guidance: $2.15 - $2.25

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