Friday, June 17, 2016

How Harris Teeter's owner fared in the latest quarter

The Kroger Co. beat analysts’ estimates by posting first-quarter earnings growth of 13%, lifting the stock in early trading yesterday. But its same-store sales growth slowed for a second straight quarter and total sales missed analysts’ estimates, and its shares closed about 0.7% down from the previous day. Cincinnati-based Kroger (NYSE: KR), which became a major player in the Charlotte market when it acquired locally-based Harris Teeter in 2014, earned 70 cents per share during the quarter,…


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/06/17/how-harris-teeters-owner-fared-in-the-latest.html?ana=RSS%26s=article_search

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