Kroger's Stock Surges Despite Sales Slowdown

1 min read
Source: Yahoo Finance
Kroger's Stock Surges Despite Sales Slowdown
Photo: Yahoo Finance
TL;DR

Kroger's stock moves up after beating Q4 earnings estimates and reaffirming commitment to defending its merger with Albertsons against FTC pushback, while BJ's Wholesale Club also sees stock gains despite missing revenue expectations, as both companies aim to compete with wholesale clubs and navigate an inflationary environment. Costco is expected to report similar trends in traffic and ticket growth, with a focus on value for consumers amidst ongoing inflation.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance