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Kroger Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Kroger (NYSE: KR) closed at $51.86, marking a -0.97% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.3%, and the technology-centric Nasdaq increased by 0.56%.
Coming into today, shares of the supermarket chain had lost 4.4% in the past month. In that same time, the Retail-Wholesale sector gained 3.26%, while the S&P 500 gained 5.06%.
Analysts and investors alike will be keeping a close eye on the performance of Kroger in its upcoming earnings disclosure. The company is expected to report EPS of $1.33, down 11.92% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $45.02 billion, indicating a 0.31% decrease compared to the same quarter of the previous year.
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