Kroger reported Q1 adjusted earnings of $1.58 per share, slightly below the $1.59 consensus, while revenue rose to $46.12 billion, beating expectations. Despite revenue growth, gross margin narrowed due to higher fuel sales mix, rising transportation costs, and price investments. The company confirmed its fiscal 2026 outlook with modest sales growth and earnings guidance slightly below Wall Street estimates. Following the report, Kroger shares fell over 10% in premarket trading.
The S&P 500 fell 1.21% to 7,420.10 after the Federal Reserve signaled a possible interest rate increase later this year, causing investor jitters. Despite the decline, Polymarket traders predict a 98% chance the index will open higher on Thursday, re...
Kroger posted a 1% increase in first-quarter identical sales excluding fuel, with operating profit reaching $1.41 billion and adjusted EPS of $1.58. The company saw a 19% rise in adjusted eCommerce sales and over 20% growth in its marketing profit. D...
Food Lion has started its annual Summers Without Hunger campaign to combat childhood hunger during summer when school meals are unavailable. Since 2019, the campaign has provided over 120 million meals across 10 states. Customers can support by buyin...
A new survey by the Human Rights Campaign Foundation reveals that 72% of LGBTQ+ consumers reduce spending on companies perceived to be cutting back on diversity, equity, and inclusion (DEI) commitments. Target, Walmart, and Amazon are among the most ...
Harris Teeter is running a summer promotion where customers earn 4X Fuel Points every Friday from June through August by shopping with their VIC card and clipping a digital coupon. These points can be redeemed for discounts on fuel at Harris Teeter F...
