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Kroger (KR - Get Report) reported fiscal second-quarter per-share earnings fell 40%, adjusted net income rose 7.3%, and sales edged up 0.5%.

The Cincinnati grocery giant's shares were up 4.2% at $26.63 Thursday after adjusted earnings in the period exceeded analysts' expectations.

For the quarter ended Aug. 17, the company earned 37 cents a share compared with 62 cents in the year-earlier quarter. Adjusted earnings were 44 cents a share against 41 cents. Sales reached $28.17 billion from $28.01 billion.

Same-store sales rose 2.5%, or 2.2% excluding fuel.

A survey of analysts by FactSet produced consensus estimates of profit of 42 cents a share, or an adjusted 41 cents, on sales of $28.38 billion.

For all of fiscal 2020, Kroger expects earnings per share of $2.30 to $2.40, or an adjusted $2.15 to $2.25. The FactSet survey was expecting profit of $2.26, or an adjusted $2.17.