Kroger Co. KR +12.48% ’s reported higher sales in the latest quarter and raised its full-year guidance as consumers continued to opt for eating at home, though inflationary pressures increased costs during the quarter.

The grocery chain said sales were $31.86 billion for the third quarter, a 7.2% increase from the year-earlier period. Analysts were targeting $31.16 billion in sales, according to FactSet.

“Driven by the momentum in our third-quarter results and sustained food at home trends, we are raising our full-year guidance,” said Gary Millerchip, Kroger’s chief financial officer.


Back to Latest