CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Friday reported fiscal first-quarter net income of $866 million.

On a per-share basis, the Cincinnati-based company said it had net income of $1.29. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.49 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The supermarket chain posted revenue of $45.12 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $45.38 billion.

Kroger expects full-year earnings in the range of $4.60 to $4.80 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at https://www.zacks.com/ap/KR

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