Why Retail Giant Kroger’s Shares Are Moving Higher Today



Kroger Company (NYSE:KR) shares are rising after it reported fourth-quarter FY23 sales growth of 6.4% year-on-year to $37.064 billion, slightly missing the analyst consensus estimate of $37.112 billion.

Identical Sales without fuel decreased by 0.8%. Adjusted EPS of $1.34 and Adjusted EPS of $1.14, excluding the 53rd week, beat the consensus of $1.13.

Gross margin was 22.7%, and the FIFO gross margin rate, excluding fuel, increased …

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