CINCINNATI — Kroger Co. stock on Thursday declined by more than 9% after the company said continued consumer caution led to lower margins in the third quarter, and that annual earnings would come in below the top end of previous guidance, despite hitting its targets on quarterly sales and income. “Some say the great recession is technically over. For Kroger, it's not over until our customers say it is, and many of our customers continue to be cautious in their spending,” David Dillon, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.