US food retailer Kroger beats quarterly sales estimates

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(Reuters) – Kroger beat Wall Street estimates for quarterly same-store sales on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online.

Identical sales, excluding fuel, rose 2.3% at the supermarket chain in the third quarter, compared with analysts’ average estimate of 1.77% rise, according to LSEG data.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Arun Koyyur)

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