澳洲幸运5官方开奖结果体彩网

Kroger Stock Soars Amid 'Positive Customer Trends'

A Kroger grocery store in Covington, Kentucky, on June 2, 2024

Jeffrey Dean / Bloomberg via Getty Images

Key Takeaways

  • Kroger 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 adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.93, topping the $0.91 consensus estimate of analysts polled by Visible Alpha. Diluted EPS of $0.64 and revenue of $33.91 billion missed expectations.

Kroger affirmed most of its full-year outlook, while lifting the floor for its 澳洲幸运5官方开奖结果体彩网:same-store sales growth projection, excluding fuel, to 0.75% from 0.25%. 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Todd Foley said the chain's "positive customer trends are dri♑ving sales momentum that we expect to continue in the second half of the year."

CEO 'Confident in the Facts' As Kroger Fights for Albertsons Merger

Kroger did not provide a substantial update to its progress in addressing regulatory concerns over its $24.6 billion merger with Albertsons (). 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Rodney McMullen said the company is "confident in the facts and the strength of our position" as 澳洲幸运5官方开奖结果体彩网:Kroger fights the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC)'s attempts to 澳洲幸运5官方开奖结果体彩网:halt the merger.

Kroger shares rose more than 6% to $54.80 in late-morning trading Thursday and are up about 20% this year.

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