Eye on Kroger

Daily Freeman (Kingston, NY) - - BUSINESS -

Falling prices for eggs, meat and other prod­ucts have been weigh­ing on gro­cery chain Kroger’s bot­tom line.

The trend forced the su­per­mar­ket op­er­a­tor to lower its sales fore­cast for the year in Septem­ber af­ter it posted weaker-than-ex­pected rev­enue for its fis­cal sec­ond quar­ter. Kroger, which runs its name­sake stores as well as the Ralphs and Dil­lons chains, is due to re­port fis­cal third-quar­ter re­sults today. Fi­nan­cial an­a­lysts pre­dict the com­pany’s earn­ings de­clined dur­ing the quar­ter from a year ear­lier.

Source: Fac­tSet

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.