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News  ›  The Motley Fool

Why Kroger Stock Dropped Today

The Motley Fool Logo The Motley Fool By Rich Smith
Why Kroger Stock Dropped Today

Kroger reported Q3 earnings beating analyst expectations at $1.05 per share, but missed sales targets at $33.9 billion. Same-store sales increased 2.6%, but total revenue declined 0.9%, leading to a stock price drop of 4.63%.

Insights
LLY   positive

Gaining market share in GLP-1 drugs with Mounjaro and Zepbound


KR   negative

Stock dropped due to missed sales targets, asset impairment charges, and slower-than-expected same-store sales growth. Analysts forecast only 6% future earnings growth, which is below the desired 10% annual growth rate.