Kroger (NYSE:KR) announced that it earned 77 cents per share in the fourth quarter, beating analyst estimates of 70 cents per share. Adjusted net income for the quarter increased by 14 percent to $403 million. The company generated same store sales grwoth of three percent, down from the 3 .2 percent last quarter, but representing 37 straight quarters of increases. Total sales were 13 percent higher to $24.2 billion, beating estimates of $24 billion. Full year profits per share increased by 16 percent to $2.52, while 2012 revenue increased to $96.8 billion, and same store sales increased by 3.5 percent.
Shares are higher by about 3.3 percent.
Jamba (NASDAQ:JMBA) announced that it lost nine cents per share during the fourth quarter of 2012, beating estimates by a penny, and ahead of the loss of 15 cents per share in the same period last year, mainly due to growing efficiency. For the full year, the company lost 3 cents per share versus 16 cents per share in the same period last year. Revenue for the quarter was flat year over year at $44.2 million, but was below estimates of $46 million. For the full year, revenues increased by one percent to $228.8 million.
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