Overview
- Kroger reported a third‑quarter net loss of $1.32 billion and an operating loss of $1.54 billion, reversing profits from a year earlier.
- Revenue totaled $33.85 billion as identical sales excluding fuel rose 2.6% and gross margin improved to 22.8%.
- The company tightened full‑year guidance to adjusted EPS of $4.75–$4.80 and identical sales growth of 2.8%–3.0%, while maintaining operating income of $4.8–$4.9 billion and its capital spending plan.
- Executives said the e‑commerce review is complete and projected the online operation to achieve profitability in 2026.
- Shares fell for a third session to close at $63.14 on Thursday, and several firms cut price targets, including Telsey ($80), JPMorgan ($71), Wells Fargo ($70), Evercore ISI ($77) and UBS ($70), with ratings largely unchanged.