India, Sept. 11 -- Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel.
In the pre-market activity on the NYSE, the shares were losing around 2.62 percent, trading at $55.47, after closing Thursday's regular trading 0.90 percent higher.
CFO David Kennerley stated, "Given our first half results and the macro environment, we are updating our identical sales without fuel guidance to a new range of 0.2 percent to 0.8 percent, which includes an approximately 140 basis point headwind from the Inflation Reduction Act. W...