Kroger Lowers 2025 Sales Outlook Amid Consumer Spending Concerns

Kroger has cut its 2025 sales outlook due to prudence in consumer spending, particularly for fresh groceries. Q1 EPS exceeded expectations at $1.05, but same-store sales growth was below consensus at 2.6%. The company is addressing pressures through a cost-cutting plan, including plant closures and job cuts, and will abandon its partnership with Ocado and close three automated centers.