Mar 7, 01:32 PM

Kroger Stock Surges on Strong Earnings, Sales Forecast; EPS $1.01, Revenue $37.06B, Identical Sales -0.8%

Kroger's stock surged to a near 2-year high following strong earnings, with forecasts indicating sales above market estimates. The company is defending its pursuit of an Albertsons buyout despite regulatory opposition. Kroger reported a diluted EPS of $1.01, adjusted diluted EPS of $1.34, revenue of $37.06 billion, and a 0.8% decline in identical sales without fuel.

#Kroger #Albertsons

Written with ChatGPT (GPT-3).