Kroger cuts sales-growth guidance but maintains earnings outlook
Kroger ($KR) reduced its full-year identical-sales growth forecast, excluding fuel, to 0.2–0.8% from 1–2%. The revised range includes an approximately 1.4-percentage-point headwind from the Inflation Reduction Act. Second-quarter sales reached $34.6 billion, compared with $33.9 billion a year earlier, while identical sales excluding fuel increased just 0.2%. Profit expectations held up better than the sales outlook. Adjusted quarterly earnings rose to $1.09 per share from $1.04, and management m
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