Kroger CEO Says Effect Of Sustained Inflation, Reduced Government Benefits Including Snap, Higher Interest Rates Have Pressured Customer Spending
Portfolio Pulse from Benzinga Newsdesk
Kroger's CEO has stated that sustained inflation, reduced government benefits including SNAP, and higher interest rates have put pressure on customer spending.
September 08, 2023 | 2:07 pm
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Kroger's CEO has indicated that inflation, reduced government benefits, and higher interest rates are negatively impacting customer spending, which could potentially affect the company's revenues.
The CEO's comments suggest that external economic factors are negatively impacting customer spending. This could potentially lead to reduced revenues for Kroger, which would likely negatively impact the company's stock price.
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