Kroger Co. Q4 Profit Increases, beats estimates

(RTTNews) - Kroger Co. (KR) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $736 million, or $1.01 per share. This compares with $450 million, or $0.62 per share, in last year's fourth quarter.

Excluding items, Kroger Co. reported adjusted earnings of $835 million or $1.14 per share for the period.

Analysts on average had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.4% to $37.06 billion from $34.82 billion last year.

Kroger Co. earnings at a glance (GAAP) :

-Earnings (Q4): $736 Mln. vs. $450 Mln. last year. -EPS (Q4): $1.01 vs. $0.62 last year. -Revenue (Q4): $37.06 Bln vs. $34.82 Bln last year.