Lower food prices weigh on Kroger's profit forecast

Cincinnati, Ohio-based Kroger said it now expects this fiscal year's adjusted per share profit to be $2.10 to $2.15, down from its prior forecast of $2.10 to $2.20. Shares in the company, whose supermarket brands also include Ralphs and Fred Meyer, were up 0.9 percent to $32.58 in midday trading after that revised forecast essentially matched analysts' estimate of $2.13 per share for the fiscal year that ends Jan. 30, according to Thomson Reuters I/B/E/S. Kroger, known as one of the supermarket