Kroger Fell Over 3% in Premarket Trading As Its Quarterly Same-store Sales Missed Estimates

1
Comment
Favorite

Kroger Fell Over 3% in Premarket Trading As Its Quarterly Same-store Sales Missed Estimates

Reuters2023-09-08

Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and stiff competition due to higher discounts from rivals hurt volumes.

The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Analysts on average had expected a 1.26% rise, as per LSEG IBES estimates.

Stocks fell over 3% in premarket trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2365848842?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-09-08 20:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2365848842","market":"us","top_or_hot":-1,"title":"Kroger Fell Over 3% in Premarket Trading As Its Quarterly Same-store Sales Missed Estimates","media":"Reuters","content":"<html><head></head><body><p>Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and stiff competition due to higher discounts from rivals hurt volumes.</p><p>The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Analysts on average had expected a 1.26% rise, as per LSEG IBES estimates.</p><p>Stocks fell over 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3e397ba9a68c7d7b54c488518054e5a\" tg-width=\"606\" tg-height=\"611\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kroger Fell Over 3% in Premarket Trading As Its Quarterly Same-store Sales Missed Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKroger Fell Over 3% in Premarket Trading As Its Quarterly Same-store Sales Missed Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-08 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and stiff competition due to higher discounts from rivals hurt ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KR","symbol_name":"克罗格","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2365848842","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2365848842","pubTimestamp":1694174998,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and stiff competition due to higher discounts from rivals hurt volumes.The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Analysts on average had expected a 1.26% rise, as per LSEG IBES estimates.Stocks fell over 3% in premarket trading.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"KR":"克罗格"},"translate_title":"克罗格在盘前交易中下跌超过3%，因为其季度同店销售额低于预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KR":1},"content_text":"Kroger quarterly same-store sales missed market expectations on Friday in a sign that reduced spending by budget-conscious consumers and stiff competition due to higher discounts from rivals hurt volumes.The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Analysts on average had expected a 1.26% rise, as per LSEG IBES estimates.Stocks fell over 3% in premarket trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}