Kroger down after cutting annual sales forecast
11/09/2026 12:02
BUZZ-Kroger down after cutting annual sales forecast ** Shares of Kroger KR.N down ~3% at $55.15 premarket
** Co cuts annual identical sales forecast, as growing macroeconomic uncertainty weighed on consumer spending, even in essential categories
** Expects full-year identical sales to grow in the range of 0.2% to 0.8%, compared with its prior forecast of a 1.0% to 2.0% rise
** Co says forecasts include a roughly 140 basis point headwind from the Inflation Reduction Act
** Reports Q2 sales of $34.62 billion, compared with analysts' estimates of $34.58 billion - data compiled by LSEG
** Logs quarterly adjusted EPS of $1.09 vs expectations of $1.06
** Up to last close, stock down ~9% YTD
(Reporting by Shania S Thomas in Bengaluru)