Kroger Says Shoppers Are Cutting Back As $4 Gas, SNAP Cuts Squeeze Household Budgets
Kroger (NYSE: KR) stock jumps after Q2 earnings beat estimates, driven by 20% e-commerce growth despite trimming sales outlook.
Kroger sold more stuff online and beat what investors expected, but shoppers are spending less money because gas costs a lot and help from the government got smaller. Watch whether people keep cutting back next quarter, since that could hurt the store's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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