HUTCHINSON, Kan. — After a run of positive earnings reports for companies with ties to Reno County, there was some not-so-good news. Kroger Co. reported a profit for first quarter that decreased compared
to the same period last year.
The parent company of Dillons said its profit declined to $546 million, or $0.58 per share. This was lower than $696 million, or $0.71 per share, in last year’s first quarter.
Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items. The company said revenue for the quarter rose 4.9 percent to $36.29 billion. This was up from $34.60 billion last year.
The 1Q earnings period ends with strong numbers from Siemens-Gamesa, Union Pacific, BNSF and Arconic, and weaker numbers from Kroger, ADM and Tyson.