CINCINNATI (AP) -- Kroger Co. shares moved up Thursday, a day after the grocery chain gave an upbeat update on this quarter's sales.
Kroger stock was at $25.11, up 57 cents or 2.3 percent, in early afternoon trading. Shares have traded in a 52-week range of $22.30 to $30.99.
The nation's largest traditional grocer, hosting an analysts' meeting Wednesday, confirmed its earnings guidance for the year and said a key measure of retailers' strength has been trending up. Identical supermarket sales growth, which tracks stores open at least five quarters, was running above 5 percent, not including fuel sales, for the current quarter.
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Kroger stock was at $25.11, up 57 cents or 2.3 percent, in early afternoon trading. Shares have traded in a 52-week range of $22.30 to $30.99.
The nation's largest traditional grocer, hosting an analysts' meeting Wednesday, confirmed its earnings guidance for the year and said a key measure of retailers' strength has been trending up. Identical supermarket sales growth, which tracks stores open at least five quarters, was running above 5 percent, not including fuel sales, for the current quarter.
Read the article
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