Kroger Tops Profit Estimates, Sales Fall Short in 'Uncertain' Environment
1. Kroger's EPS of $1.49 exceeded forecasts, but revenue fell slightly. 2. Identical sales excluding fuel grew 3.2%, surpassing the 2.3% estimate. 3. Kroger raised its full-year sales growth forecast to 2.25%-3.25%. 4. No update was provided on CEO search following McMullen's resignation. 5. Kroger's stock remained stable despite the recent legal battles with Albertsons.