Kroger's Profit Falls 11.5%


Kroger, the biggest U.S. supermarket company, reported an 11.5 percent fall in quarterly profit, largely hurt by charges related to restructuring of some pension obligations.

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Net earnings attributable to Kroger fell to $383 million, or 40 cents per share, in the second quarter ended Aug. 13 from $433 million, or 44 cents, a year earlier.

Sales rose to $26.57 billion from $25.54 billion.

(Reporting by Jessica Kuruthukulangara and Arunima Banerjee in Bengaluru; Editing by Sriraj Kalluvila)