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)