The Kroger Co
KR: XNYS (USA)
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Kroger Earnings: Prudent E-Commerce Investments Amid Increasingly Cautious Consumer Outlook
Kroger's third-quarter same-store sales grew 2.6% with e-commerce sales up 17%, the sixth consecutive quarter of double-digit growth. Pressure on consumption moved full-year guidance for same-store sales growth to 2.9% at the midpoint from 3.05%. Adjusted gross margin increased 24 basis points.
