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Factors Likely to Decide Kroger’s (KR) Fate in Q3 Earnings | Nasdaq.com

Kroger’s top – line has been also benefiting from Customer 1st strategy, digital efforts and recent buyouts. Third-quarter revenue is projected to come in at $27,307 million, up 2.8% year over year.

However, stiff competition, volatility in food prices, an aggressive promotional environment and waning store traffic remain the primary headwinds with which Kroger is grappling. Moreover, higher investments in new services and compelling pricing strategy may also hurt margins. We observed that the company’s bottom – line have been declining for quite some time now.

After falling 4.7% and 7% in the third and fourth quarters of fiscal 2016, respectively, bottom line plunged 18.3% and 17% in the first and second quarters of fiscal 2017, respectively. The Zacks Consensus Estimate for the quarter under review is currently pegged at 40 cents, a penny lower than the prior-year quarter figure.

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Factors Likely to Decide Kroger’s (KR) Fate in Q3 Earnings – Nasdaq.com.

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