Kroger's Profit Up; 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. (KR.N: Quote, Profile, Research) , the top US grocer, on Tuesday said quarterly profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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Wal-Mart reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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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.
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Kroger Co. , the largest U.S. grocery chain, posted a weaker-than-expected rise in quarterly profit on Tuesday due to labor unrest at a distribution center, sending its shares down in early electronic trade.
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Clorox Co. CLX.N on Monday said its  quarterly profit rose more than six-fold, driven by gains its  transfer of some businesses to Henkel KGaA HNKG.DE and on  higher sales and cost-savings.
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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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Clorox Co. CLX.N on Monday said  quarterly profit rose more than six-fold, driven by gains from  its transfer of some businesses to Henkel KGaA HNKG.DE,  higher sales and cost savings.
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ConAgra Foods Inc.  posted higher-than-expected quarterly profit on Wednesday as unusual strength in its energy trading and fertilizer operations offset higher marketing and commodity expenses in its core packaged-foods business.
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday, helped by a tax benefit in the latest quarter and year-ago results that were hurt by store closures and employee buyouts.
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US retailer Wal-Mart sees profits rise 9.8% after price cuts attracted customers over the holiday season.
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Kroger Co. , the largest U.S. grocery chain, said on Tuesday that quarterly profit rose 15.8 percent, as shoppers were enticed by remodeled stores and improved perishable goods, and it raised its earnings view for the year.
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Kroger Co. , 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.
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Wal-Mart Stores Inc.  on Tuesday posted higher quarterly profit after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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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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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. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday, as remodeled stores and improved perishable goods attracted shoppers.