Kroger to Restate Earnings for Tax Errors
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From Bloomberg News
Kroger Co., parent of the Ralphs chain, said it would restate earnings for errors in its accounting of deferred taxes.
The restatements will reduce fiscal 2004 earnings by $4 million, with no change to per-share profit. The changes will cut fiscal 2003 results by $27 million, or 4 cents a share, Kroger said in a regulatory filing.
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