The supermarket chain operator posted quarterly revenue of $21.73 billion, up 3.9% from 2011. But that fell just shy of the $21.9 billion that Wall Street had expected, Reuters noted.
EPS for the second-quarter came in at 51 cents, topping analysts who forecast 49 cents a share.
Investors were not impressed. Shares of Kroger fell more than 2% in Friday morning trading.
The company revised upward previous earnings guidance of between $2.33 and $2.40 a share for the full year. It now forecasts earnings of between $2.35 and $2.40 a share. That is in line with Wall Street, which anticipates a full year profit about about $2.37 a share.
Same-store sales increased 3.6% over last year, beating estimates of a 3% increase. Analysts noted that Kroger has been drawing customers away from rival grocery chains like Supervalu (NYSE:SVU) and Safeway (NYSE:SWY).