Financial listings
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.
Spotlight on construction
The Commerce Department reports today its data on how construction spending fared in October.
U.S. builders cut their spending on construction projects in September for the second month in a row. Much of the decrease came as government spending for schools, sewers and transportation projects tumbled. Economists predict that construction spending picked up in October by a seasonally adjusted rate of 0.6 percent.
Better quarter?
Wall Street anticipates that Dollar General’s latest quarterly snapshot improved from a year ago.
The discount retailer is due to serve up its fiscal third-quarter results today. Financial analysts expect that the company’s earnings and revenue increased in the AugustOctober period versus a year earlier. Beyond earnings, investors will be listening for an update on how sales trends and customer traffic have been shaping up this holiday shopping season.