Kroger Beats Street Expectations, Reiterates 2016 Guidance

Shares of Kroger (KR) - Get Report ended slightly lower on Thursday after the company released results for its fiscal first quarter. Kroger reported earnings of $0.70 a share, which beat analyst expectations of $0.69 a share. CEO Rodney McMullen highlighted Kroger being able to deliver fifty consecutive quarters of same-store sales growth, and said, 'You can count on Kroger to continue executing our strategy, investing in growth and creating value for our customers and shareholders.' Kroger also reiterated its 2016 earnings guidance in the range of $2.19 and $2.28 a share. However, the company warned that earnings may come in at the lower part of that range.

This article was written by a staff member of TheStreet.