Kroger shares are trading lower after the company reported mixed results and issued cautious guidance. The company also reached an opioid settlement agreement, agreeing to pay up to $1.2 billion to states and subdivisions and $36 million to tribes.
Portfolio Pulse from Benzinga Newsdesk
Kroger reported mixed results and issued cautious guidance, leading to a drop in its share price. The company also agreed to an opioid settlement, committing to pay up to $1.2 billion to states and subdivisions and $36 million to tribes.
September 08, 2023 | 12:21 pm
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Kroger's mixed results and cautious guidance, along with a significant opioid settlement, have led to a decrease in its share price.
Kroger's mixed earnings report and cautious future guidance may have made investors wary, leading to a drop in the share price. The opioid settlement, which is a significant financial commitment, could also be a factor in the share price decrease.
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