KR - Kroger To Gain Traction From Households And Traffic Growth - Analyst Bullish On Future Sales | Benzinga
Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Kroger Company (NYSE: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.
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The gross margin increased eight bps to 22.4%, although FIFO gross margin declined 7 bps, due to lower pharmacy margins and ...