Kroger Reports Q3 Net Loss, Beats Street View, Raises Annual Outlook

Kroger reported a net loss of $1.32 billion in Q3, beating analyst expectations of $1.03 per share. Excluding items, earnings were $697 million, or $1.05 per share. Sales improved to $33.86 billion from $33.63 billion last year. The company revised its annual guidance, expecting adjusted income of $4.75 to $4.80 per share, and identical sales growth without fuel of 2.8% to 3%.