for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Kroger forecasts smaller fall in same-store sales on resilient online demand

June 17 (Reuters) - Kroger Co forecast a smaller fall in its annual same-store sales on Thursday, as resilient grocery demand signaled a smaller-than-expected drop from the levels seen at the height of the COVID-19 pandemic.

The company said it expects 2021 adjusted same-store sales to fall between 2.5% and 4%, while it had earlier projected a decline between 3% and 5%. Analysts on average expect same-store sales to decline 4.38%, according to IBES data from Refinitiv. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up