(Reuters) - The No. 3 U.S. grocer, which has been remodeling stores to try to increase sales, narrowed its forecast for full-year earnings, saying it was "on track" to post results toward the top end of its previous forecast range.
"I'm sure some of you, maybe all of you, would prefer that we increase our guidance," said Chief Executive Officer Steve Burd on a conference call with analysts. "But as good as we feel about the back half, and we're off to a good start, we think it's more prudent to simply narrow that range."
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"I'm sure some of you, maybe all of you, would prefer that we increase our guidance," said Chief Executive Officer Steve Burd on a conference call with analysts. "But as good as we feel about the back half, and we're off to a good start, we think it's more prudent to simply narrow that range."
Read more at Reuters.com Hot Stocks News
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