CVS Group profit drops 7.4% as revenue rises on Australia expansion, asset sale
Kroger Co (NYSE:KR)'s stock reached an all-time high of 73.66 USD, marking a significant milestone for the $48.4 billion market cap company. According to InvestingPro data, the stock has shown remarkable momentum with a 9% gain just last week. Over the past year, the stock has seen a robust increase, with a 1-year return of 46.42%. This impressive performance reflects strong investor confidence and the company's ability to navigate market challenges, supported by its consistent dividend payments for 20 consecutive years and a current yield of 1.78%. The all-time high achievement underscores Kroger's sustained growth and resilience in the competitive retail sector, earning a GOOD financial health score from InvestingPro, which offers 8 additional key insights about the company's potential in its comprehensive Pro Research Report.
In other recent news, Kroger has reported its first-quarter 2025 earnings, showcasing an earnings per share (EPS) of $1.49, which surpassed analyst expectations of $1.45. Despite a slight miss on revenue, with $45.12 billion reported against a forecast of $45.28 billion, the company's financial performance has been positively received. Kroger has also updated its fiscal 2025 guidance, revising its identical sales growth to a range of 2.25% to 3.25% from a previous range of 2% to 3%. Analysts from Telsey Advisory Group have raised Kroger's stock price target to $82, citing strong execution and digital capabilities, while Citi has increased its target to $74 based on strong comparable sales growth. Morgan Stanley (NYSE:MS) has also raised its price target for Kroger to $76, highlighting the company's accelerating top-line growth and market share inflection. Additionally, Kroger announced plans to close 60 stores but will focus on accelerating new store openings in 2026. The company's e-commerce segment saw a 15% growth, reflecting its ongoing digital expansion efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.