Kroger Tumbles as Lowered Sales Outlook and Earnings Miss Hit Retailers

The Story

News Summary

Kroger shares slid 4% premarket after missing Q2 earnings estimates and lowering its full-year same-store sales growth guidance to 0.2%-0.8%.
The cut was driven by pharmacy revenue pressure and broader consumer spending constraints, though full-year EPS guidance of $5.10 to $5.30 was reaffirmed.

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