Kroger To Gain From Long-Term Margin Support, Higher Customer Visits - Analyst Sees 'Attractive Entry Point'
KRKroger(KR) Benzinga·2024-06-22 02:01

Loading... Loading... BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Kroger Company KR, with a price objective of 70.Yesterday,thecompanyreportedfirst−quarterearningsresults,recordinganadjustedFIFOoperatingprofitof70. Yesterday, the company reported first-quarter earnings results, recording an adjusted FIFO operating profit of 1.499 billion. Quarterly sales totaled 45.3billion,comparedto45.3 billion, compared to 45.2 billion a year ago. Kroger saw increased total/loyal households and customer visits during the first quarter, as it continues to provide affordable prices and personalized promos, Ohmes n ...