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Kroger Profit Outlook Disappoints Following CEO Exit
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Shares of Kroger fell in premarket trading Thursday after the grocery chain gave a disappointing profit forecast for the year, just days after the resignation of its longtime chief executive. Kroger said its quarterly sales fell about 7% to $34 billion, below what Wall Street analysts were expecting. Kroger said its identical sales, excluding fuel and the effects of store openings and closings, rose 2.4% for the period.
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