Kroger Says 2023 Identical Sales Outlook Includes An About 150 Basis Points Negative Impact Due To Termination Of Our Agreement With Express Scripts
Portfolio Pulse from Benzinga Newsdesk
Kroger has announced that its 2023 identical sales outlook will be negatively impacted by about 150 basis points due to the termination of its agreement with Express Scripts.
September 08, 2023 | 12:03 pm
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NEGATIVE IMPACT
The termination of Kroger's agreement with Express Scripts is expected to negatively impact its 2023 identical sales outlook by about 150 basis points.
The termination of the agreement with Express Scripts is expected to have a significant negative impact on Kroger's 2023 sales. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100