Dec. 3 at 8:54 PM
Kroger is set to report Q3 earnings before the market opens Thursday, with analysts expecting
$1.03 per share and
$34.2 billion in revenue, a 1.7% increase. Same-store sales are projected to rise 2.9%, and comparable sales excluding fuel grew 3.4% in Q2, with e-commerce up 16%. Pharmacy and fresh produce drove much of the growth, and improved customer experience is showing early success.
Rising food prices and potential reductions in SNAP benefits pose challenges for consumer demand. Restaurant costs have increased faster than grocery prices, pushing more shoppers to buy food at home. Surveys indicate many Americans struggle to afford groceries, with some reducing meal size or skipping meals. SNAP disruptions earlier this year temporarily contracted grocery demand for the 42 million beneficiaries, though funding has resumed; political and legal uncertainty remains.
$KR