Kroger To Gain Traction From Households And Traffic Growth - Analyst Bullish On Future Sales

Loading... Loading... Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Kroger Company KR, maintaining the forecast at $62. The company reported first-quarter adjusted earnings of$ 1.43 per share, surpassing analyst expectations of $1.34 per share. Kroger’s digital sales grow over 8%, driving quarterly sales to$ 45.3 billion, slightly exceeding estimates. Check This Out: Kroger Company Shares Take Off After Q1 – Here’s Why The gross margin increased eight bps to 22.4%, althoug ...