The Kroger Co. (KR) Stock: Fell After Q2 Earnings Despite Higher Profit and Strong EPS Growth
TLDR Kroger stock drops 3.56% pre-market after the grocer cuts its sales outlook. Adjusted EPS rises 5% to $1.09 as quarterly operating profit reaches $971 million. Kroger lowers identical sales growth guidance to a new range of 0.2% to 0.8%. Quarterly sales climb to $34.6 billion while gross margin slips slightly to 22.4%. Kroger keeps [...]
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Source: Source: Blockonomi