Kroger Co (NYSE:KR) shares are trading lower by 4.48% to $47.59 on continued weakness following the company's Thursday earnings report.
Kroger reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.30. The company also reported quarterly sales of $44.60 billion which beat the analyst consensus estimate of $44.24 billion. This sales figure represents an 8% increase over sales of $41.30 billion the same period last year.
The company also raised its full-year adjusted earnings guidance from a range of $3.75 to $3.85 per share to a range of $3.85 to $3.95 per share.
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Kroger is the leading American grocer.
According to data from Benzinga Pro, Kroger has a 52-week high of $62.78 and a 52-week low of $36.77.
