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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook

Kroger Warren Buffett Albertsons KR Rodney McMullen

Kroger Company (NYSE:KR) shares are trading lower in the premarket session on Thursday. The company reported third-quarter adjusted earnings per share of 98 cents, in-line with the street view.

Quarterly sales of $33.634 billion (down 0.9% year-on-year) missed the analyst consensus estimate of $34.204 billion. Identical Sales ex-fuel increased by 2.3%.

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