Kroger boosts profit outlook as essentials focus pays off
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Guggenheim Reiterates Buy Rating on Kroger (KR)
June 17, 2022 8:27 AM EDTGuggenheim analyst John Heinbockel reiterated a Buy rating and $57.00 price target on Kroger (NYSE: KR) following earnings.
The analyst commented, "The significant YTD gains reflect the business relative top and bottom-line strength in an increasingly challenging economic climate. Although consumables comps trail a number of... More
Evercore ISI on Kroger (KR): 'Risk remains for KR and grocer peers'
June 16, 2022 9:47 AM EDTEvercore ISI analyst Salvator Tiano reiterated an In Line rating and $52.00 price target on Kroger (NYSE: KR).
The analyst comments "Risk remains for KR and grocer peers from competition vs. other retail sectors, normalization of food at home vs. food away from home... More
Citi on Kroger (KR): 'May Not Be Enough In This Environment'
June 16, 2022 9:45 AM EDTCiti analyst Paul Lejeuz reiterated a Sell rating and $45.00 price target on Kroger (NYSE: KR).
The analyst comments "EPS of $1.45 beat cons of $1.29, while ID sales (+4.1%) were in line (but may have been slightly below market expectations for a beat). With... More
JPMorgan on Kroger (KR): 'Good but probably not good enough'
June 16, 2022 9:44 AM EDTJPMorgan analyst Ken Goldman reiterated a Neutral rating and {REMOVEPT} price target on Kroger (NYSE: KR).
The analyst comments "Theres nothing wrong per se in this release. Pre-COVID, a quarter like this strong IDs, a big operating profit beat, a guidance raise likely... More
Telsey on Kroger (KR): 'We believe Kroger's strong 1Q22 sales performance reflects benefits from inflation'
June 16, 2022 9:40 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $64.00 price target on Kroger (NYSE: KR)
The analyst comments "Kroger reported better-than-expected 1Q22 earnings and raised its 2022 guidance. Adjusted 1Q22 EPS of $1.45 beat our estimate of $1.30 and the FactSet consensus (FS) of $1.29, driven by better-than-anticipated ID... More
