Supermarket chain operator Kroger (NYSE:KR) announced that it lost $306.9 million, or 54 cents per share, for the three month period that ended on January 28, versus a profit of $278.8 million, or 44 cents per share, in the same period last year. Excluding charges, however, the company earned 50 cents per share, beating analyst expectations of 49 cents per share. Results were also boosted by the company's stock buyback during the quarter, as it reduced the number of available shares.
Foot Locker (NYSE:FL) announced that it earned $81 million, or 53 cents per share, for the fiscal quarter ended January 28, versus a profit of $57 million, or 36 cents per share, in the same period last year. For the year, profit rose 65 percent to $278 million, or $1.80 per share, versus $169 million, or $1.07 per share, in 2010. Revenue increased by 11 percent to $5.62 billion from $5.05 billion.
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