The Kroger Co. (NYSE:KR) shares lose by 6.12%

Boston, MA 06/21/2013 (wallstreetpr) – The Kroger Co. (NYSE:KR) had released its financial results for the first quarter of this fiscal year on Thursday, in which the company had reported profits of $481 million. The company had thereby recorded an increase of 9.6 percent over the profits for the same quarter of previous year. The largest grocer of United States had further reported earnings per share at 92 cents per share, record high earnings of the company for the first quarter.

The earnings per share of The Kroger Co. (NYSE:KR) for the first quarter had exceeded the consensus estimates by 4 cents per share. The total sales for the first quarter were reported to be $30 billion, an increase of 3.4 percent over the total sales of comparable quarter in 2012. The same store sales excluding fuel sales were reported to have increased by 3.3 percent in the first quarter to $22.4 billion.

In line with this great start for the first quarter of the fiscal year 2013, The Kroger Co. (NYSE:KR) ad increased its earnings guidance to $2.73 to $2.80 per share, compared to the previous guidance of $2.71 to $2.79 per share.

The share prices of The Kroger Co. (NYSE:KR) had declined by 6.12 percent to close at $32.98 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $32.83 to $34.81 per share during the day. The shares of The Kroger Co. (NYSE:KR) had recorded 52 week low price level at $20.98 per share and 52 week high price level at $35.64 per share.

The Kroger Co. (NYSE:KR) had witnessed the trade of 8.45 million shares on Thursday, while the average trading volume for the company is at 3.72 million shares per day. The company presently holds 520.86 million shares outstanding in the market with an institutional ownership of 81 percent of its holdings.

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Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at nmaithya@gmail.com or follow Nicholas Kitonyi @nmaithyak on Twitter.

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