[Army_of_One]

Originally Posted by Made in the USA

Kroger fourth-quarter profit drops

CINCINNATI - Kroger Co., the nation's largest traditional grocery chain, said today that its fourth-quarter profit tumbled 16 percent, weighed down by a large inventory charge as overall sales rose a slim 2 percent.

The Cincinnati-based company -- the parent of Dillons -- said it earned $322.9 million, or 48 cents per share, for the quarter ended Feb. 2 compared with a profit of $384.8 million, or 54 cents per share, a year earlier. Kroger said revenue in the quarter rose to $17.23 billion from $16.86 billion.

Profits for the year were $1.18 billion, or $1.69 per share, up from $1.11 billion or $1.54 per share, last year.

Sales increased 6.2 percent, to $70.2 billion from $66.1 billion. Kroger said sales rose 8.2 percent when adjusted for an extra week in 2006.

Kroger forecast a profit of $1.83 to $1.90 per share for this fiscal year, below analysts' projections of $1.91. The company expects same-store sales growth of 3 percent to 5 percent, excluding fuel sales.

Associated Press

OR you could spin this...."DESPITE "bad" economy Kroger still makes a profit!"

This is the media making not so good news really bad. The store STILL made a profit just not as much as projected. If I was in business and made a profit I would be pleased. It's better than NOT making a profit which a lot of businesses do.