Kroger Stock Takes a Hit on Loss, Lower Guidance

Kroger Co. stock took a beating yesterday — falling nearly 12% to just over $20 — as the company reported a net loss of $874.9 million, or $1.35 per share, for the third quarter, due primarily to a write-down of $1.05 billion at its Ralphs division in Southern California.

CINCINNATI — Kroger Co. stock took a beating yesterday — falling nearly 12% to just over $20 — as the company reported a net loss of $874.9 million, or $1.35 per share, for the third quarter, due primarily to a write-down of $1.05 billion at its Ralphs division in Southern California. It also lowered guidance on sales and earnings for the year.

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