1221 ET - Egg prices have been coming down after intense inflation earlier this year from bird flu outbreaks. That relief for consumers weighed on Kroger's 1Q results. The grocer says egg deflations was a meaningful, 64 basis point headwind to its identical sales excluding fuel. It also contributed to a decline in Kroger's gross margin rate, which analysts had thought would expand during the quarter. Egg prices are expected to remain low going forward now that the market is in a state of oversupply nationwide. (dean.seal@wsj.com)
(END) Dow Jones Newswires
June 18, 2026 12:21 ET (16:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.