US EditionGrocery Giant Kroger CFO Raises Identical Sales Outlook, But Maintains Caution Due To Tariff Uncertainty - Kroger (NYSE:KR)
- On Friday, Kroger raised its full-year 2025 identical sales forecast to 2.25%-3.25%, exceeding its prior target of 2%-3%.
- This forecast increase follows Kroger's first-quarter results, where it beat earnings and same-store sales estimates despite an uncertain macroeconomic environment.
- Kroger plans to shut down approximately 60 locations within the upcoming year and a half, resulting in a $100 million impairment charge, while concentrating on updating its operations and enhancing the profitability of its e-commerce division.
- CFO David Kennerley emphasized confidence in Kroger's approach centered on fresh products, proprietary brands, and online sales, noting that tariffs have not had a significant impact on the company's operations.
- The raised sales outlook and solid earnings signal confidence in Kroger's resilient model, but the company maintains cautious guidance given external economic uncertainties.
13 Articles
13 Articles
Midday brought surprises for shares in the United States, with mixed results among the main indices.According to the original report, while the Nasdaq experienced a fall, the Dow Jones Industrial Average rose. On the other hand, the S&P 500 remained virtually unchanged, reflecting a day of cautious operations on Wall Street.Kroger heads S&P 500 profitsThe supermarket chain Kroger stood out as the best performing action in the S&P 500. This was d…
Grocery Giant Kroger CFO Raises Identical Sales Outlook, But Maintains Caution Due To Tariff Uncertainty - Kroger (NYSE:KR)
Kroger Co. (NYSE:KR) shares rose on Friday after the grocer topped Q1 earnings estimates, boosted margins, and reaffirmed its full-year outlook. The company reported first-quarter adjusted earnings per share of $1.49, beating the analyst consensus estimate of $1.46. Quarterly sales of $45.12 billion missed the Street view of $45.19 billion, with identical sales ex-fuel increasing 3.2%. The strong earnings came even as Kroger faced a viral backla…
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