BAVIS_1170x120_10-22-20

net income

Kroger’s Q2 net falls on 4% rise in revenue

Kroger’s Q2 net falls on 4% rise in revenue

CINCINNATI — Kroger Co. on Friday reported net income of $383 million for its second quarter, a decline of 12% from a year ago. The supermarket operator cited changes to its employee pensions as a key factor in the results, which were also hurt by falling prices for products such as meat, milk and eggs.

Walmart’s Q4 sales rise, earnings decline

Walmart’s Q4 sales rise, earnings decline

BENTONVILLE, Ark. — Walmart on Thursday said fourth quarter net income fell 7.9% to $4.5 billion. The company also lowered its outlook for the current quarter, in part due to the effects of a stronger dollar and the costs of recent store closings. Walmart said last month that it would close 269 stores globally, including