Kroger Q3 Identical Sales Ex-Fuel -0.6%, Adj. Identical Sales Ex-Fuel +1%
Portfolio Pulse from Benzinga Newsdesk
Kroger reported a 0.6% decrease in Q3 identical sales excluding fuel, while adjusted identical sales excluding fuel rose by 1%.

November 30, 2023 | 1:02 pm
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NEUTRAL IMPACT
Kroger's Q3 report indicates a slight decrease in identical sales ex-fuel but an increase in adjusted identical sales, reflecting a mixed performance.
The decrease in identical sales ex-fuel suggests a potential concern for investors, indicating a slight downturn in sales performance. However, the increase in adjusted identical sales ex-fuel could offset investor concerns by showing underlying growth. The mixed results may lead to neutral short-term impact on the stock as the market digests both aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100