Kroger's Stock Surges Despite Sales Slowdown

TL;DR Summary
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.
- Kroger, BJ's stock moves up on Q4 earnings Yahoo Finance
- Kroger forecasts upbeat 2024 as grocery demand stays strong Yahoo Finance
- Kroger is ‘committed’ to defending the Albertsons merger, and stock surges MarketWatch
- Kroger Stock Jumps on Earnings Beat. Merger Uncertainty Still Looms. Barron's
- Kroger earned $2.2B profit despite slowing sales in 2023 The Cincinnati Enquirer
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
4 min
vs 5 min read
Condensed
92%
819 → 69 words
Want the full story? Read the original article
Read on Yahoo Finance