Kroger: Fiscal Q4 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal fourth-quarter profit of $736 million.

On a per-share basis, the Cincinnati-based company said it had profit of $1.01. Earnings, adjusted for investment costs and costs related to mergers and acquisitions, were $1.34 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The supermarket chain posted revenue of $37.06 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $37.25 billion.

For the year, the company reported profit of $2.16 billion, or $2.96 per share. Revenue was reported as $150.04 billion.

Kroger expects full-year earnings in the range of $4.30 to $4.50 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at https://www.zacks.com/ap/KR