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Why Did Kroger Stock Fall 12% in September?

TheMotleyFool

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Why Did Kroger Stock Fall 12% in September?

Shares of Kroger (NYSE: KR) dropped 12.1% in September due to a poorly received earnings report and difficult overall market conditions. Despite beating analyst estimates and raising guidance, shares of the grocer fell more than 8% on Sept. 10 following its second-quarter earnings release. The S&P 500 index dropped 4.65% in the month as capital flowed out of the stock market, driving Kroger's price down even further.