Kroger stock jumps after strong profit report; CEO sees cautious spending among affluent customers
Kroger Co. saw its stock price surge 6% after the company posted better-than-expected profit results for the second quarter. Despite an economic environment marked by cautious consumer spending, even among more affluent customers, Kroger’s adjusted earnings per share (EPS) reached $0.93, exceeding analyst predictions of $0.91. However, its diluted EPS came in at $0.64, and […]