Kroger Slips After Earnings Report

Kroger Slips After Earnings Report

Kroger shares slipped even after a strong third-quarter earnings release and a boost to its financial outlook. The grocery giant said it earned 88 cents a share in the quarter on an adjusted basis, according to FactSet. Wall Street analysts had been looking for 83 cents a share. Comparable sales excluding fuel grew 6.9% from a year earlier as shoppers paid higher prices for staples. Adjusted profit for the full year is now expected to be $4.05 to $4.15 per share versus the prior forecast of $3.9