Kroger Stock Soars Amid 'Positive Customer Trends'
Kroger(KR) Investopedia·2024-09-12 23:56
Key TakeawaysKroger shares surged Thursday after the supermarket chain better-than-expected adjusted profit for the second quarter.Diluted EPS and revenue missed analysts' consensus estimates.CEO Rodney McMullen said the chain is "confident in the facts and the strength of our position" as it fights the FTC's legal challenges to its $24.6 billion merger with Albertsons. Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter. The supermarket chain posted adjus ...