India, June 20 -- Supermarket chain Kroger Co. (KR) on Friday confirmed its fiscal 2025 earnings view, and raised identical sales growth outlook. In its first quarter, earnings per share remained flat, while adjusted earnings were above market estimates. Further, sales edged down from last year and missed the Street view.
In the pre-market activity on the NYSE, Kroger shares were gaining around 0.3 percent, to trade at $65.68.
CFO David Kennerley said, "Our strong sales results and positive momentum give us confidence to raise our identical sales without fuel guidance, to a new range of 2.25 percent to 3.25 percent. While first quarter sales and profitability exceeded our expectations, the macroeconomic environment remains uncertain and a...