Why Kroger's Geographic Expansion And Digital Initiatives Make It A Must-Watch Ahead Of 2Q23 Earnings
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Kroger Company (NYSE:KR) with a price target of $55. Kroger's growth is expected to be driven by geographic expansion and digital initiatives. The company's acquisition of Albertsons Companies, Inc. (NYSE:ACI) is also expected to solidify its leadership in the U.S. grocery market. Feldman expects Kroger to report solid Q2 earnings on September 8, with an EPS of $0.92.
September 06, 2023 | 5:17 pm
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POSITIVE IMPACT
Kroger's acquisition of Albertsons Companies, Inc. is expected to solidify its leadership in the U.S. grocery market.
The acquisition of Albertsons by Kroger could potentially boost Albertsons' stock price due to the expected increase in market leadership.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Kroger's growth is expected to be driven by geographic expansion and digital initiatives. The company's acquisition of Albertsons is also expected to solidify its leadership in the U.S. grocery market.
The analyst's positive outlook on Kroger's growth and the expected solid Q2 earnings could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100