Growth Slows in Kroger’s Second Quarter
In fiscal Q2 2018, Kroger’s (KR) top line grew 1% YoY (year-over-year) to $27.87 billion, missing analysts’ estimate by $90 million and marking the first quarterly sales miss for the supermarket chain in eight quarters. It was also the company’s slowest growth in 11 quarters. Its total sales (excluding fuel, its divested convenience store business, and its merger with Home Chef) improved 1.8% YoY.