Kroger To Gain Traction From Households And Traffic Growth - Analyst Bullish On Future Sales
Portfolio Pulse from Nabaparna Bhattacharya
Kroger Company (NYSE: KR) reported strong Q1 earnings, surpassing analyst expectations with adjusted earnings of $1.43 per share. Digital sales grew over 8%, driving quarterly sales to $45.3 billion. Analysts from Telsey Advisory Group and Evercore ISI Group maintain an Outperform rating, with price targets of $62 and $60, respectively. Despite positive results, KR shares are trading lower by 3.35% to $50.24.
June 20, 2024 | 5:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kroger reported strong Q1 earnings, surpassing expectations with adjusted earnings of $1.43 per share. Digital sales grew over 8%, driving quarterly sales to $45.3 billion. Analysts maintain an Outperform rating, but shares are down 3.35% to $50.24.
Kroger's strong Q1 earnings and digital sales growth are positive indicators for future performance. Analysts' Outperform ratings suggest confidence in the company's strategy. However, the current dip in share price may be a short-term reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100