- Grocery store stocks are being eyed by investors after Kroger (KR +6.5%) issues a strategy update and, perhaps more importantly, backs its current EPS forecast.
- The grocery store giant also said that it sees flat EPS growth for next year, a shot of confidence amid sector concerns on wage pressure and Amazon pricing competition.
- The update from Kroger has relevance for a large number of companies, including Supervalu (SVU +1.4%), Sprouts Farmers Market (SFM +1.5%), Weis Markets (WMK +0.4%), Ingles Markets (IMKTA -0.1%) and Target (TGT +1.9%).
- Previously: Kroger rallies after strategy reset announced (Oct. 11)