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Telsey Reiterates Outperform Rating on Kroger (KR)
June 17, 2024 5:10 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "In 1Q24, we expect inline ID sales, ex-fuel, of 0.0% and slightly lower EPS of $1.30 vs. the FactSet consensus (FS) of $1.34, reflecting an uneven consumer spending environment, a slower recovery of units, and disinflation/deflation in select categories, partly offset by gains from strategic intiatives focusing on freshness, digital, and loyalty. Across the industry, food... More
