03.03.2016 - Earnings of Kroger Co. increased by 7.9%
Kroger Co. today reported for the quarter that ended on 30 January. The company's profit increased by 7.9%, but revenue did not meet expectations. Thus the second largest food retailer in the US received 599 million dollars of profit against 518 million dollars in the same period of the previous year. Revenue increased by 3.8% to 26.17 billion. Despite the strong competition, we expect saving of the company's market share and forecast growth of price by 15-20% in the medium term.