(Reuters) - Kroger (NYSE:KR) Co forecast annual comparable sales below Wall Street estimates on Thursday, signaling that demand for groceries and household essentials sold at its stores was easing as inflation-weary consumers hunt for bargains elsewhere.
The supermarket chain forecast same-store sales growth, excluding fuel, of 1% to 2% in fiscal 2023, while analysts on average expected a 2.23% increase, according to Refinitiv IBES data.
(Reporting by Deborah Sophia in Bengaluru; Editing by Anil D'Silva)