Kroger (KR) drops 7% after reporting FQ2 results. Though the supermarket chain's quarterly...

|About: Kroger Co. (KR)|By:, SA News Editor

Kroger (KR) drops 7% after reporting FQ2 results. Though the supermarket chain's quarterly numbers beat estimates, and its same-store sales forecast was slightly lifted, the company's gross margin declined 0.5% Y/Y, and it reiterated an FY11 EPS guidance range which falls short of a $1.97 consensus. (PR)