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 CINCINNATI (AP) - Kroger Co., the nation's largest traditional supermarket chain, said Tuesday first-quarter profit jumped 10 percent but was slowed by labor unrest. Its shares sank more than 6 percent Tuesday.
For the three months ended May 26, earnings rose to $336.6 million, or 47 cents per share, from $306.4 million, or 42 cents per share, a year earlier. Sales rose 7 percent to $20.73 billion, from $19.42 billion.
Kroger, which still faces a tense labor situation in southern California, said its first-quarter earnings included charges of about 2 cents per share related to labor unrest at a distribution center near Louisville. Some 700 workers walked off the job for about two days in April during a dispute with two companies that operate the center for Kroger.
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