Investors still aren’t sold on Kroger. It may take several quarters of solid execution to make them comfortable. The grocery giant on Thursday reported earnings that were just shy of expectations. In the three months through Nov. 9, sales came in at $27.97 billion, compared with a consensus analyst estimate of $28.15 billion, according to FactSet. Adjusted earnings per share were 47 cents, while analysts had penciled in 49 cents.

Source: Wall Street Journal December 05, 2019 18:00 UTC