- Kroger recently announced its Q2 2014 results and reported a 17% increase in its earnings per share which stood at 70 cents for the second quarter.
- The company’s impressive results were a reflection of the 4.8% increase in its identical supermarket sales growth.
- The company has raised its guidance for its future earnings to $3.22-$3.28, estimated an 8%-11% increase in its long term earnings a 3.5%-4.25% growth for the fiscal year 2014.
- The consensus rating for the stock is of ‘buy’ with a price target of $52.57. Six analysts rated the stock as ‘hold’ while twelve others rated it as a ‘buy’.