Kroger falls after reaffirming annual profit forecast, Q1 profit miss
18/06/2026 15:12
BUZZ-Kroger falls after reaffirming annual profit forecast, Q1 profit miss Updates
** Shares of U.S. grocer Kroger KR.N down as much as 8.6% at $56.5, lowest since November 2024
** Stock set for its worst day since October 2022, if losses hold
** 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 quarterly 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)