NEW YORK (AP) — The Kroger Co. said Thursday that costs associated with consolidating its pension plan for union workers led it to post a net loss in the fourth quarter, even as sales improved at the nation's biggest supermarket chain.
The Cincinnati-based operator of Kroger, Ralphs, Food 4 Less and other grocery stores said it lost $306.9 million, or 54 cents per share, for the three months ended Jan. 28. That's compared with a profit of $278.8 million, or 44 cents per share, a year ago.
Not including one-time charges, the company said it earned 50 cents per share. By that measure, analysts on average expected a profit of 49 cents per share.
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