Kroger&#39;s 2Q Earnings Drop Almost $50M
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CINCINNATI Sept. 14, 2004 - The Kroger Co., one of the nation&#39;s largest operators of supermarkets, reported Tuesday that its second-quarter earnings fell almost $50 million from a year ago, hurt by debt charges and the southern California strike.
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Colgate-Palmolive Co., the world&#39;s largest toothpaste maker, said second-half profit will fall because of higher marketing costs to fend off Procter &amp; Gamble Co.
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Krispy Kreme Doughnuts Inc., the No. 2 US doughnut maker, said second-quarter earnings fell 56 percent, hurt by higher costs. Shares fell 19 percent after the company missed analysts
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Fisher &amp; Paykel Appliances Holdings Ltd., New Zealand&#39;s biggest home appliance maker, said first-half profit fell 1.2 percent because of a decline in sales in its largest markets, and higher costs for steel and plastics.
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Krispy Kreme Doughnuts Inc.KKD.N on  Thursday reported a sharp drop in quarterly profit and signaled  that business may not recover anytime soon, sending its shares  down more than 17 percent in pre-market trading.
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Kroger Co., the largest US grocer, reported a lower quarterly profit Tuesday, 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 top US grocer, said Tuesday third-quarter profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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Krispy Kreme Doughnuts Inc. on Thursday said its quarterly profit tumbled by more than half and slashed its sales growth outlook for the rest of the year, wiping 17 percent off the value of its stock.
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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 U.S.  grocer down as it grapples with lingering fallout from a strike  in Southern California.
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Kraft Foods Inc. KFT.N on Tuesday  posted a 28 percent drop in quarterly profit, weighed down by  restructuring and higher costs for commodities like cheese and  coffee.
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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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Packaged foods giant ConAgra Foods Inc. reported a 10 percent drop in second-quarter profits on Wednesday, citing lost revenue from discontinued operations.
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Kraft Foods Inc.  on Tuesday posted a 28 percent drop in quarterly profit, weighed down by restructuring and higher costs for commodities like cheese and coffee.
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Shares of Bob Evans Farms Inc. fell Monday after the family restaurant chain reported Tuesday that second-quarter earnings fell 41 percent because of soft same-store sales and higher food and labor costs.
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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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Royal Ahold, the Dutch owner of grocery chains including Stop & Shop in the United States, said first-quarter earnings and sales were down slightly as a result of worse margins and a weaker dollar. Net profit was 237 million euros ($320 million), down from 239 million euros a year earlier. Sales slipped to 13.2 billion euros ($17.8 billion), from 13.3 billion euros.
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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.