Kroger, Jamba Announce Earnings

Kroger (KR) announced that it earned 77 cents per share in the fourth quarter, beating analyst estimates of 70 cents per share. Adjusted net income for the quarter increased by 14 percent to $403 million. The company generated same store sales growth of three percent, down from the 3 .2 percent last quarter, but representing 37 straight quarters of increases. Total sales were 13 percent higher to $24.2 billion, beating estimates of $24 billion. Full year profits per share increased by 16 percent...