Kroger's Profit Up, But Price Cuts Weigh
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Kroger Co., the top U.S. grocer, on  Tuesday posted a 29 percent rise in quarterly profit due to  cost controls, but price cuts to lure shoppers caused earnings  to miss Wall Street estimates and shares fell.
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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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Wal-Mart Stores Inc  posted better-than-expected fourth quarter profit on Tuesday as penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food to offset tough economic conditions.
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Kroger Co. on Tuesday posted a 25 percent drop in quarterly profit and warned it may not reach its sales target for the year, sending shares of the top US grocer
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Safeway Inc. , the  third-largest U.S. grocery chain, posted a jump in  second-quarter profit on Thursday, aided by strong sales of  gasoline and a benefit related to a tax refund.
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Walgreen Co , one of the largest U.S. drugstore operators, posted higher quarterly profit on Friday, helped by higher sales and cost controls.
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The Kroger Company, the nationâs biggest supermarket chain, said fourth-quarter profit rose more than analysts had anticipated as discounts spurred sales.
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Kroger Co., the top US grocer, on Tuesday posted a 29 percent rise in quarterly profit due to cost controls, but price cuts to lure shoppers caused earnings to miss Wall Street estimates and shares fell.
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Anheuser-Busch Cos. Inc. BUD.N,  the largest U.S. brewer, said on Wednesday quarterly profit  rose, but domestic market share slipped and the company  forecast a tough year for growing profit in its beer business.
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McDonald's Corp. on Friday said  quarterly profit more than tripled on strong U.S. sales of  products like its new Chicken Selects fried chicken strips,  though changes in the way it accounts for leases trimmed  results.
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McDonald's Corp., the world's No. 1 hamburger chain, said Monday its fourth-quarter profit climbed 3 percent due to income tax benefits and yet another period of strong sales at stores open at least a year.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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The brewing company posted a higher quarterly profit, driven by stronger shipments of beer in the U.S., higher prices and demand for its imports.
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Sales rise, but earnings and margins are on the fritz.
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Profit in the fourth quarter rose less than 1 percent, hurt by soaring grain costs, despite a 7 percent increase in sales.
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Kroger Co. , the largest U.S.  grocery chain, posted a higher quarterly profit on Tuesday as  it attracted shoppers with remodeled stores featuring a better  selection of products, and it got an unexpected tax benefit.
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Kroger Co. KR.N, the largest U.S.  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.