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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Kroger Profits Climb 14% 0 comments
    Sep 13, 2013 10:30 AM | about stocks: KR, SWY, SVU, HTSI

    Originally published at www.seclive.com

    Filing in Focus: Kroger 8-K, September 12, 2013

    The Kroger Co. (KR) announced its second quarter financial results for fiscal year 2013, reporting sales and profit growth. The grocery store chain outperformed its competitors like Safeway (SWY) and SuperValu (SVU), with $317M in profits, or $0.60 earnings per share; last year this quarter Kroger earned $279M, or $0.51 per share. Company sales increased 4.6% to $22.72B, with identical-store sales increasing 4%. Kroger announced in July that it will acquire Harris Teeter Supermarkets (HTSI) for $2.44B, a move that will launch Kroger deeper into the Southeastern United States, adding 200 supermarkets to its portfolio. The company left its annual guidance unchanged, which remains at the $2.73 to $2.80 per share range.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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