Kroger Raises Annual Forecasts on Upbeat Grocery, Essentials’ Demand

Kroger Raises Annual Forecasts on Upbeat Grocery, Essentials’ Demand
Kroger logo is displayed in this illustration taken September 5, 2022. Dado Ruvic/REUTERS/Illustration
Reuters
Updated:
0:00

Kroger Co raised its annual sales and profit forecasts on Friday as inflation-hit consumers drive up demand for groceries and household essentials at the cost of discretionary goods.

Shares of the Cincinnati, Ohio-based grocer whose quarterly results also topped estimates, rose nearly 4 percent.