Reported about 6 hours ago
Kroger has increased its annual core sales forecast for the second consecutive time, attributing the rise to robust demand for budget-friendly essentials as consumers react to potential price hikes from tariffs. Despite broader industry slowdowns, retailers like Kroger, Walmart, and Albertsons are thriving as shoppers, particularly from lower-income backgrounds, chase affordable necessities. Kroger reported a quarterly profit surpassing estimates and forecasts comparable sales growth of 2.7% to 3.4%, indicating strong performance driven by pharmacy, eCommerce, and fresh food divisions.
Source: YAHOO