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Kroger's stock was upgraded following reports of a potential deal with Albertsons. The company saw a rise in quarterly sales, beating estimates as grocery demand remained steady. Kroger expects a 2Q adjusted EPS decline similar to the previous quarter's drop.
$KR Kroger Pay Day today, What a daily candle Who stopped buying groceries?? https://t.co/YQMgcdEADJ
KROGER EXPECTS A 2Q ADJ. EPS DECLINE SIMILAR TO 1Q’S DROP $KR
* KROGER EXEC SAYS "WITHIN OUR MOST BUDGET CONSCIOUS HOUSEHOLDS, WE ARE STARTING TO SEE POSITIVE MOMENTUM" @reuters $KR
