Kroger cuts sales guidance after quarterly results
Kroger lowered its outlook for same-store sales excluding fuel, expecting full-year growth of 0.2% to 0.8% versus the prior 1% to 2% range.
Kroger's latest quarter gave investors little reason for cheer, and its stock was paying the price on Friday. The grocery chain now expects same-store sales excluding fuel to rise between 0.2% and 0.8% for the fiscal year, down from a prior range of 1% to 2% growth. The new gui…