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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.