December 1, 2016 / 1:35 PM / 10 months ago

Kroger's net income falls 8.6 pct

Dec 1 (Reuters) - Kroger Co, the biggest U.S. supermarket chain, reported an 8.6 percent fall in quarterly profit, hurt by falling grocery prices.

The company’s shares fell 4 percent to $31 in premarket trading on Thursday.

Net income attributable to the company fell to $391 million, or 41 cents per share, in the third quarter ended Nov. 5 from $428 million, or 43 cents per share, a year earlier.

Kroger’s net sales rose 5.9 percent to $26.56 billion. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Anil D‘Silva)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below