Kroger Stock Jumps After Earnings Beat Expectations - Barron's
1. Kroger's Q1 revenue fell short of expectations at $45.12 billion. 2. Adjusted earnings per share exceeded forecasts at $1.49 versus $1.45. 3. The company raised its sales forecast for the fiscal year slightly. 4. Kroger plans to close 60 stores, expecting a modest financial benefit. 5. Stock rose by 5.5%, reflecting positive market sentiment despite uncertainties.