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Kroger tumbles after missing on sales (KR)





Kroger Apeel Avocados

Kroger shares plunged more than 7% ahead of Thursday’s opening bell after missing Wall Street’s sales forecast.

The grocer posted revenue of $27.9 billion, missing the $28.6 billion that was expected by Wall Street analysts, according to Bloomberg data. Kroger said it earned $0.41 per share after adjusting for some pre-tax gains, topping the $0.38 that was expected.

“We are only two quarters into our three year Restock Kroger plan, and we are read more >>>

Source:: BusinessInsider.Com

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