Kroger
The parent of King Soopers and City Market grocery stores says its customers are feeling more stressed as they face pressure from the weak economy and higher food costs. Profit announced Thursday beat Wall Street’s expectations. Kroger reported that its net income dipped to $195.9 million, or 33 cents per share, for the period ended Nov. 5. That’s down from $202.2 million, or 32 cents per share, a year ago. Kroger’s revenue increased 10 percent to $20.59 billion.
Barnes & Noble
The bookseller said Thursday it plans to invest more heavily in its Nook e-book reader and digital media, even as it reported a third-quarter loss as sales of physical books continued to decline. Net loss for the quarter ended Oct. 29 was $6.6 million, or 17 cents per share. That compares with a loss of $12.6 million, or 22 cents per share, a year ago. Revenue edged down less than 1 percent to $1.89 billion.
