latimes.com

Kroger Lowers Sales Forecast as Inflation and Price War Squeeze Shoppers

Kroger logoKroger
Sig2.65Sen-2.85Env0.00Soc+0.35Gov0.00

Kroger expects comparable sales excluding fuel to rise as much as 0.8%, below its prior forecast for up to 2%, and aims to grow online sales. Unit sales growth has slowed as shoppers buy only essentials while higher gas prices and inflation pressure intensify. The retailer says it is investing to lower prices and received only immaterial tariff refunds.

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