Kroger's stock rose nearly 7% after raising its full-year same-store sales guidance.

date
21/06/2025
Kroger rose nearly 7%, reaching a high of $70.29, hitting a new high in nearly a month. On the news front, Kroger announced its performance for the first quarter of fiscal year 2025, with sales down slightly by 0.3% year-on-year to $45.12 billion, slightly below analysts' expectations of $45.16 billion; adjusted earnings per share were $1.49, exceeding analysts' expectations of $1.45. Excluding fuel, same-store sales increased by 3.2%. For fiscal year 2025, Kroger expects same-store sales excluding fuel to increase by 2.25% to 3.25%, slightly higher than the previous forecast of 2% to 3%, with analysts expecting growth of 2.4%.