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.