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StumbleKroger flexes muscles with earnings
Friday, June 18, 1999 | 11:03 a.m.
Excluding $40.3 million in merger charges from its $13.5 billion acquisition of the West Coast operator Fred Meyer Inc., Cincinnati-based Kroger earned $231 million or 54 cents. The Fred Meyer acquisition included the Smith's Food & Drug and PriceRite stores in Las Vegas.
Kroger said the first quarter results were 20 percent more than estimated combined earnings of 45 cents per share from the same period a year ago.
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