Published:
Kroger, the biggest U.S. supermarket chain by sales, is working to accelerate growth as higher prices for eggs and groceries continue to pressure consumer spending. But the company is facing a lot of uncertainties: After the attempted merger with rival Albertsons failed, it’s now getting a major shift in the C-suite as well.
The company is set to report fourth-quarter earnings on Thursday before the market opens. For the three months ended in January, Wall Street analysts polled by FactSet expect the grocer to post $1.12 in earnings per share, 16% down from a year ago. Sales are expected to decline nearly 7% from a year ago to $34.6 billion.
Read the full article here