financetom
Business
financetom
/
Business
/
Kroger forecasts 2024 sales largely above market estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kroger forecasts 2024 sales largely above market estimates
Mar 7, 2024 5:34 AM

March 7 (Reuters) - Kroger ( KR ) forecast annual sales

largely above Wall Street estimates on Thursday, as demand for

groceries at its stores ticks up with more consumers turning to

cheaper, home-cooked meals amid persistent inflation.

The supermarket chain said it expects fiscal 2024 identical

sales, excluding fuel, to increase 0.25% to 1.75%, compared with

analysts' average estimate for a 0.7% increase, according to

LSEG data.

(Reporting by Deborah Sophia in Bengaluru; Editing by Anil

D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved