Kroger Says Expects Identical Sales Without Fuel To Be At Low End Of Guidance Range And Slightly Negative In Second Half Of Year
Portfolio Pulse from Benzinga Newsdesk
Kroger has announced that it expects its identical sales, excluding fuel, to be at the lower end of its guidance range and slightly negative in the second half of the year.
September 08, 2023 | 12:02 pm
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NEGATIVE IMPACT
Kroger's announcement of lower identical sales excluding fuel could potentially impact its stock price negatively in the short term.
Kroger's announcement indicates a potential decrease in sales, which could lead to a decrease in revenues and profits. This could negatively impact investor sentiment and lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100