Kroger down after quarterly sales miss estimates

Shares of grocery chain Kroger KR.N down about 3.2% at $64.0 premarket

Co misses quarterly sales estimates as price-sensitive shoppers and economic uncertainty weigh on demand

KR posts quarterly sales of $33.86 billion, compared with analysts' estimate of $34.15 billion, according to data compiled by LSEG

Q3 adjusted EPS of $1.05 vs estimates of $1.03

Co also expects annual identical sales excluding fuel to grow in the range of 2.8% to 3%, the midpoint of which is below estimates of a 3.14% rise

As of last close, stock up 8.26% YTD