• Kroger said that its fourth quarter earnings were down 27 percent to $255.4 million, from $349.2 million during the same period a year ago. Q4 sales were $18.6 billion, up seven percent from the previous year, on same-store sales that were up 1.2 percent.
• Duane Reade Holdings Corp. said yesterday that it had a fourth quarter loss of $84.8 million, compared to a loss of $17.4 million during the same period a year ago. Q4 revenue was up to $465 million, from $464.5 million a year ago, on same-store sales that were up 2.6 percent.
For the year, Duane Reade lost $124.3 million versus a loss of $72.8 million a year ago. Annual revenue rose four percent to $1.84 billion from $1.77 billion a year earlier.
Duane Reade is in the process of being acquired by Walgreen for $623 million.
• Duane Reade Holdings Corp. said yesterday that it had a fourth quarter loss of $84.8 million, compared to a loss of $17.4 million during the same period a year ago. Q4 revenue was up to $465 million, from $464.5 million a year ago, on same-store sales that were up 2.6 percent.
For the year, Duane Reade lost $124.3 million versus a loss of $72.8 million a year ago. Annual revenue rose four percent to $1.84 billion from $1.77 billion a year earlier.
Duane Reade is in the process of being acquired by Walgreen for $623 million.
- KC's View:
