Kroger shares fall nearly 8% in premarket trades
Kroger Co. shares KR, -1.66% fell more than 7% in premarket trade Thursday, after the grocery store chain posted weaker-than-expected earnings for its fiscal fourth quarter. The company said it had net income of $259 million, or 32 cents a share, in the quarter to Feb. 2, down from $854 million, or 96 cents a share, in the year-earlier period. Adjusted net earnings came to 48 cents a share, below the 52 cents FactSet consensus. Sales fell 9.5% to $28.
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