Kroger reported earnings that beat out Wall Street’s estimates on Friday.
People continued to prioritize at-home food consumption amid high inflation. This trend resulted in Kroger raising its full-year outlook, and we will likely see analysts raising their targets for the stock as well.
Shares jumped 7.4% on the news, making it one of the top performers in the S&P 500.
This is a low entry point based on its action of the last year, and it has pulled back to the initial breakout area this morning.
People continued to prioritize at-home food consumption amid high inflation. This trend resulted in Kroger raising its full-year outlook, and we will likely see analysts raising their targets for the stock as well.
Shares jumped 7.4% on the news, making it one of the top performers in the S&P 500.
This is a low entry point based on its action of the last year, and it has pulled back to the initial breakout area this morning.