Nasdaq Jumps Over 150 Points; Kroger Earnings Top Estimates
1. Kroger beat Q2 earnings expectations with adjusted EPS of $1.04. 2. Quarterly sales at $33.94 billion slightly missed consensus estimates. 3. Kroger raised FY25 adjusted EPS outlook to $4.70-$4.80. 4. Same-store sales growth projection increased to 2.7%-3.4%. 5. Consumer discretionary stocks saw a 1.6% jump, benefiting Kroger.