March 5, 2020 / 1:42 PM / a month ago

Kroger's quarterly profit beats estimates on demand for private-label products

March 5 (Reuters) - U.S. Supermarket chain Kroger Co’s quarterly profit beat analysts’ estimates on Thursday, helped by higher demand for its private-label brands.

Excluding one-time items, the company earned 57 cents per share, beating analysts’ average estimate of 55 cents, according to IBES data from Refinitiv.

Gross margin came in at 22.1% for the fourth quarter ended Feb. 1. Analysts had forecast it at 21.91%.

Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli

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