KR - Kroger To Gain From Long-Term Margin Support Higher Customer Visits - Analyst Sees 'Attractive Entry Point' | Benzinga
BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Kroger Company (NYSE:KR), with a price objective of $70.
Yesterday, the company reported first-quarter earnings results, recording an adjusted FIFO operating profit of $1.499 billion. Quarterly sales totaled $45.3 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 notes.
The analyst maintains 2025 adjusted EPS of $4.45 (in line with the company’s reiterated guidance for $4.30-4.50). According to Ohmes, this reflects first quarter upside as well as pharmacy profitability headwinds that are now expected to carry over into the second quarter.
The analyst projects second-quarter adjusted EPS of 91 cents, which is down 6% year over year.
Despite the expected pharmacy pressure that is ...