Kroger Sales Drop as Grocery Inflation Slows

Kroger's sales are falling as grocery prices stabilize and inflation slows.
The company posted lower than expected Q2 sales and earnings.
Inflation has been a mixed bag - driving up revenue but lowering volumes sold.
Kroger reaffirmed full year guidance but expects sales at the low end as inflation keeps decelerating.
The company continues to expand online grocery despite economic headwinds.

cnbc.com

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