Kroger Company (NYSE:KR) stock fell Thursday after the retailer posted mixed quarterly results marked by softer-than-expected revenue.

The company reported third-quarter adjusted earnings per share of $1.05, beating the analyst consensus estimate of $1.03.

Quarterly sales of $33.859 billion missed the Street view of $34.155 billion.

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Metrics

Identical Sales without fuel increased 2.6%, while e-commerce sales increased 17%.

Kroger reported an operating loss of $1.54 billion, driven by $2.6 billion in previously announced impairment and related charges tied to its automated fulfillment network.

Competition and reduced SNAP benefits pressured demand, and Kroger is scaling back its automation push with a $2.6 billion charge.

“Our eCommerce business ...