Kroger Reports Q3 Loss Amid Rising Expenses

Kroger reported a Q3 loss of $1.32 billion, or $2.02 a share, compared to a profit of $618 million, or 85 cents a share in the prior year. The supermarket chain cited increased expenses as the reason for the loss. Despite this, Kroger stated it is making progress on its strategic priorities, including improving the customer experience and building a foundation for long-term growth.