Reported 27 days ago
Kroger's shares are rising following strong second-quarter earnings, prompting analyst Arun Sundaram to maintain a Buy rating on the stock. He highlights increased comparable sales and improving profit margins, crediting the growth to private-label brand sales and reduced shrinkage. Sundaram believes the pending merger with Albertsons will benefit Kroger either way, either enhancing earnings if it succeeds or prompting share buybacks if it fails. He emphasizes Kroger's solid market position despite inflationary challenges.
Source: YAHOO