Kroger's shares rise as grocer says shoppers seek lower prices, cook more at home
1. Kroger raised its sales forecast, now expecting 2.25%-3.25% sales growth. 2. Shares jumped 9%, reflecting a strong demand for their cheaper store brands. 3. Kroger e-commerce sales grew 15% year-over-year, signaling growth potential. 4. 60 stores will close; Kroger aims to modernize and improve profitability. 5. Ongoing legal battles and CEO search underline corporate challenges ahead.