Kroger stock falls after profit tops expectations but sales come up a bit shy

Shares of Kroger Co. KR fell 1.8% in premarket trading Thursday, putting them in danger of snapping a five-day win streak, after the grocery chain reported fiscal first-quarter profit that topped expectations but net sales that came up a bit shy, and affirmed its full-year outlook. Net income for the quarter to May 20 rose to $962 million, or $1.33 a share, from $664 million, or 91 cents a share. Excluding nonrecurring items, adjusted earnings per share of $1.51 beat the FactSet consensus of $1.

8% in premarket trading Thursday, putting them in danger of snapping a five-day win streak, after the grocery chain reported fiscal first-quarter profit that topped expectations but net sales that came up a bit shy, and affirmed its full-year outlook. Net income for the quarter to May 20 rose to $962 million, or $1.33 a share, from $664 million, or 91 cents a share. Excluding nonrecurring items, adjusted earnings per share of $1.51 beat the FactSet consensus of $1.46. Net sales grew 1.3% to $45.

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