Kroger Posts Higher Earnings, but Labor Tension Hurts Profit
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The supermarket chain said that first-quarter profit jumped 10 percent but was hurt by labor unrest.
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The company said earnings jumped because of shipments recovered after a labor dispute and a rise in demand for specialty metals used in power plants.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Thursday posted higher quarterly profit, but  warned that full-year earnings could hit the low end of its  estimates due to competition and skittish consumers, sending  shares down 6 percent.
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Kroger Co. KR.N, the largest U.S.  grocer, on Tuesday reported a 25 percent drop in quarterly  profit, hurt by debt redemption costs.
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Kroger Co. , the top U.S. grocer, on Tuesday said quarterly profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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Anheuser-Busch Cos. Inc.  posted a higher quarterly profit on Thursday, driven by stronger U.S. shipments of beer, higher prices and demand for its imports.
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Kroger Co. , the largest U.S. grocery chain, got an unexpected tax benefit and posted a 36.4 percent jump in quarterly profit on Tuesday as it attracted shoppers with remodeled stores featuring a better selection of products.
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Kroger Co. KR.N, the largest U.S.   grocery chain, posted a higher quarterly profit on Tuesday,   aided by cost cuts and sales growth.
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Sales remain strong, but steps to lower inventory levels negatively affect earnings.
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Kroger Co. on Tuesday posted a 25  percent drop in quarterly profit and warned it may miss a key  2004 sales target because of lingering woes from a Southern  California strike, sending its shares down sharply.
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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from lower prices and a better selection of products such as fresh produce.
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Procter & Gamble Co. PG.N on  Wednesday said quarterly profit rose 14 percent on strong sales  in all regions, but shares fell because of industry issues and  margin concerns.
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The food company's profits are hit by cost pressures -- are higher prices the solution?
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Kroger Co. , the largest US grocer, on Tuesday reported a lower quarterly profit, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Thursday posted a 21 percent rise in quarterly  profit due to gains from two recent acquisitions and improved  sales from Southern California where it suffered a strike last  year.
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Starbucks Corp. SBUX.O on  Wednesday reported a 31 percent increase in quarterly net   income and raised its earnings forecast for the year on strong  sales of holiday products like Christmas Blend coffee beans.