U.S. grocer Kroger (KR.N), opens new tab bumped up its annual sales growth forecast on Friday and said it would invest in lowering prices to attract value-seeking consumers against a backdrop of tariff-induced uncertainty, sending its shares 7% higher.
Maintaining the company’s profit target was “good news”, Telsey Advisory Group analyst Joe Feldman said. “We don’t see it (in) any company’s interest to raise guidance this early after only one quarter, even with the beat.”
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