Reported 1 day ago
Kroger Co. (NYSE:KR) experienced a 9.8% surge in its stock price, closing at $71.97, driven by an optimistic sales growth outlook despite broader economic uncertainties. The company's CFO announced an increase in identical sales guidance for the year due to strong first-quarter results, while net earnings estimates and capital expenditures remained unchanged. However, Kroger's net income decreased by 8.5% year-over-year, totaling $866 million, with sales holding steady at $45 billion.
Source: YAHOO