viewThe Kroger Co

Kroger disappoints again - PRE-MARKET

Second rough quarter in a row for Kroger; American outdoor Brands Corp under the gun; Dave & Buster's Entertainment nudges higher as share repurchase program is enlarged

Kroger brands
Kroger's shares were on offer in pre-market trading

US shares were set to open lower, as investors weighed the costs of Hurricane Irma and fretted over a potential missile launch by North Korea.

The hurricane has been downgraded category 4 but cruise companies, airlines and reinsurance companies were still expected to be in the spotlight when trading starts.

American Outdoor Brands Corp (NASDAQ:AOBC), the company formerly known as Smith & Wesson, lost more than a sixth of its value in pre-market trading after it fell into the red in the first quarter of its fiscal year, and lowered its full-year outlook.

Chief executive officer James Debney blamed weaker wholesale and retail firearms orders for the earnings shocker.

Supermarkets group Kroger Co (NYSE:KR) followed up a poor set of first quarter figures in June with another set of disappointing numbers for the second quarter.

Post-tax profits declined to US$353mln, or 39 cents a share, from US$454mln (47 cents) in the same period of last year.

The shares were 6.5% lower at US$21.29 in screen-based trading on Friday morning.

Dave & Buster's Entertainment Inc (NASDAQ:PLAY), the operator of entertainment and dining venues, edged higher ahead of the bell after it announced an increase in its share repurchase program.

The board has authorized the buy-back of a further US$100mln under the existing program.

The shares nudged up to US$50, after closing last night at US$49.59.

Quick facts: The Kroger Co

Price: 30.55 USD

Market: NYSE
Market Cap: $23.64 billion

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