Kroger stock down as Q3 revenue falls short of market expectations

Investing.com -- Kroger (NYSE:KR ) reported third-quarter revenue that missed analyst estimates, pushing its shares down more than 1% in premarket trading Thursday.

The retailer posted Q3 earnings per share (EPS) of $0.98 for the three-month period, just above the $0.97 estimated by analysts.

However, revenue came in at $33.6 billion, short of the consensus projection of $34.21 billion.

The company reported a 2.3% increase in identical-store sales excluding fuel, exceeding the estimated 1.72%. Gross margin came in at 22.9%, above the forecasted 22.3%.

"Kroger achieved strong sales results in the third quarter led by our pharmacy and digital performance, which reflects the strength and diversity of our model,” said Kroger CEO Rodney McMullen.

For fiscal year 2025, Kroger provided earnings guidance of $4.35 to $4.45 per share, compared to the expected $4.44.

Source: Investing.com