Kroger Co projected annual earnings below Wall Street forecasts on Thursday, as ...
FILE PHOTO: The Kroger supermarket chain's headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. REUTERS/Lisa Baertlein
Its shares tumbled 10 percent in early trade after the company also reported fourth-quarter earnings below estimates. The company forecast full-year earnings between $2.15 and $2.25 per share. Analysts on average were expecting $2.26 per share, according to IBES data from Refinitv.
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