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Why did Kroger stock jump today?

Dec. 02, 2021 3:41 PM ETThe Kroger Co. (KR)By: Clark Schultz, SA News Editor4 Comments

The Kroger Co. Corporate Headquarters

Scott Olson/Getty Images News

  • Kroger (NYSE:KR) is up 11.45% and trades at its highest level since early September after boosting its full-year sales forecast on strong demand.
  • There was not much of post-vaccine letdown in grocery demand based on

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Comments (4)

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The reason the stock increased so dramatically today is because the earnings report/webcast knocked the socks off expectations.

Seeking Alpha provides transcripts of quarterly webcasts. I always scroll down to the CFO reports. Then, I focus on the analysts questions.

Some incredibly smart analysts follow this company.
It appears some people have found the joy of cooking and the reduced expenses compared to dining out. Some of this will stick and some are still not comfortable in restaurants with Covid still a threat.
Nice, but not entirely convincing. Need a few days of follow-up. At least a bit more info from the earnings call.
thirdcamper profile picture
The majority share of stomach.
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