The Zhitong Finance App learned that the well-known US retailer Kroger (KR.US) announced quarterly results data and future prospects before the US stock market on Friday. Financial reports showed that the company's sales growth was under pressure and profit improvements occurred at the same time. The company lowered its year-on-year same-store sales growth guide from 1% to 2% to 0.2% to 0.2% — 0.8%; in the second quarter, the company's same-store sales after excluding fuel sales increased by only 0.2% year over year, far lower than 3.4% in the same period last year, and falling short of Wall Street's consistent 0.9% growth forecast compiled by LSEG.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that the well-known US retailer Kroger (KR.US) announced quarterly results data and future prospects before the US stock market on Friday. Financial reports showed that the company's sales growth was under pressure and profit improvements occurred at the same time. The company lowered its year-on-year same-store sales growth guide from 1% to 2% to 0.2% to 0.2% — 0.8%; in the second quarter, the company's same-store sales after excluding fuel sales increased by only 0.2% year over year, far lower than 3.4% in the same period last year, and falling short of Wall Street's consistent 0.9% growth forecast compiled by LSEG.
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