Kroger falls after reaffirming annual profit forecast, Q1 profit miss
18/06/2026 12:38
BUZZ-Kroger falls after reaffirming annual profit forecast, Q1 profit miss ** Shares of U.S. grocer Kroger KR.N down 3% at $59.96 in volatile premarket trading
** Co reaffirms FY2026 profit forecast, underscoring cautious consumer spending amid growing inflationary pressures
** Maintains annual adjusted EPS in the range of $5.1 to $5.3
** Reports Q1 EPS of $1.58, missing analysts' average estimate of $1.59 - according to data compiled by LSEG
** Posts Q1 sales of $46.12 billion, above estimates of $45.47 billion
** As of last close, KR down 1% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)