0907 ET - Kroger says the cyclospora outbreak took a bite out of its sales in the second quarter, executives say on a call with analysts. The outbreak, which affected fresh produce, cost the grocery chain roughly 0.35 percentage points of total same-store sales growth, executives say. Same-store sales in the quarter increased 0.2%, missing Wall Street's estimate of 0.8%. The metric was also dinged by egg deflation, as egg prices have fallen from their peaks last year when there was a shortage. Kroger shares decline 2.2% premarket.
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.