The Kroger Co. (KR) - Get Report is expected to report adjusted net income of $589.4 million, or 71 cents a share, on sales of $37.3 billion before the market opens on Thursday, based on a FactSet survey of 18 analysts.
In the same period a year ago, the company posted earnings of 73 cents a share on sales of $37.5 billion. It reported net income of $846 million.
The stock has fallen 5.3% since the company last reported earnings on March 7.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Kroger is currently trading at a price-to-forward-earnings ratio of 10.6 based on the 12-month estimates of 19 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $345.8 million, or 43 cents a share, on sales of $28.4 billion.
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