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BMO Capital Markets is optimistic about Kroger, citing a recent pullback in shares as a promising entry point. Analyst Kelly Bania believes Kroger can continue to perform well. Kroger's stock has been upgraded, with potential benefits from an Albertsons deal. Kroger has seen increased traffic at its top banners in the first quarter by catering to different audiences with various supermarkets. Kroger's earnings are upcoming, with Walmart and Costco reaching all-time highs. Limited-assortment value grocers like Aldi and Grocery Outlet Bargain Market have outperformed traditional grocery chains in May 2024, with significant year-over-year visit growth.
Limited-assortment value grocers are outperforming. In May 2024, year-over-year (YoY) visits to Aldi and Grocery Outlet Bargain Market grew 26.3% and 14.3%, respectively – while visits to traditional grocery chains increased by 7.9%.
Kroger Earnings Due As Grocery Archrivals Walmart, Costco Snatch All-Time Highs https://t.co/fxen4qzORb
Kroger continued to see traffic rise at its top banners in the first quarter by adhering to a strategy of serving different audiences with different supermarkets, according to @Placer_ai. https://t.co/ihlTlRLyXS #retail #grocery #realestate
