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Kroger Co. Q1 adjusted earnings Beat Estimates

Kroger Co. (KR) announced a profit for its first quarter that climbed from last year.

The company's profit totaled $1.21 billion, or $1.52 per share. This compares with $0.77 billion, or $0.95 per share, in last year's first quarter.

Excluding items, Kroger Co. reported adjusted earnings of $972 million or $1.22 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.5% to $41.55 billion from $37.25 billion last year.

Kroger Co. earnings at a glance:

-Earnings (Q1): $972 Mln. vs. $586 Mln. last year.
-EPS (Q1): $1.22 vs. $0.72 last year.
-Analysts Estimate: $1.09
-Revenue (Q1): $41.55 Bln vs. $37.25 Bln last year.

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