Shares of business-software company Salesforce fell Thursday after the company [last night reported](https://www.wsj.com/articles/salesforce-co-ceo-bret-taylor-to-step-down-11669843853) quarterly billings that missed Wall Street's consensus analyst estimate and said co-CEO Bret Taylor will leave early next year. The stock was recently down about 10%, the worst performer in the Dow—and on pace for its largest one-day percentage decrease since December 2021, according to Dow Jones Market Data. Sal Read More...
Benzinga
Kroger Boosts Annual Guidance On Solid Q3 Earnings Beat
Kroger Co (NYSE: KR) reported third-quarter FY22 sales growth of 7.2% year-on-year to $34.19 billion, beating the consensus of $33.95 billion. Identical Sales without fuel increased by 6.9%. Adjusted EPS of $0.88 beat the analyst consensus of $0.82. Gross margin was 21.4%, and the FIFO gross margin rate, excluding fuel, decreased by 5 basis points Y/Y. Operating, general and administrative expenses rose 8% Y/Y to $5.6 billion. Operating margin was 2.5%, and operating income for the quarter fell
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