Eye on Kroger
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.