Thursday, March 7, 2019

Kroger Misses Q4 Earnings, Issues Softer 2019 Outlook

The Street
Kroger Co. posted weaker-than-expected fourth quarter earnings Thursday, as well as 2019 guidance that disappointed investors, sending shares sharply lower and wiping nearly $3 billion from its market value.

Kroger said adjusted earnings for the three months ending in January came in at 48 cents per share, down 11.1% from the same period last year. Group sales, Kroger said, were also 11% lower at $28.1 billion. . . . more