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Kroger profit rises 12 percent
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| Kroger Co. on Tuesday posted a12 percent rise in quarterly profit, boosted by cost controlsand price discounts, as the No. 1 U.S. grocery store chainraised its annual earnings outlook, sending its shares up 10percent. |
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| Updated |
Jun 21, 2005 22:06:00 |
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 16 ( -2 -12.5% ) | | Author | Reuters |
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| Similar news: | - Kroger 1Q Earnings Jump 12 Percent - Kroger Co., the nation's largest supermarket chain, said Tuesday that lower prices and improving customer service helped drive first-quarter earnings up 12 percent against strong competition from Wal-Mart and other grocers.
- Price Cuts Dent Kroger Profit - Kroger Co. postedlower-than-expected operating earnings on Tuesday as sharpprice cuts hurt profit margins, sending shares of the nation'stop grocer down 5 percent.
- Kroger Profit Falls, Warns on Sales - Kroger Co. , the largest U.S.grocer, on Tuesday reported a 25 percent drop in quarterlyprofit, hurt by debt redemption costs.
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