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The CFO of Kroger Co. has recently quit, raising doubts and concerns among investors. Additionally, the FTC's delay in approving the Kroger-Albertsons deal has put the stock in a state of uncertainty. These factors have led to a cautious approach towards investing in KR-N until there is more clarity on the situation. The stock is currently in a state of limbo due to these developments.
The FTC is holding up the Kroger-Albertsons deal that he supports, but this block is keeping KR stock in limbo.
It reports Thursday. They can raise prices and pass on inflationary costs.
Many wrote off this major grocer a few quarters ago, citing that the reopening will end pantry stocking, but this name is up over 22% YTD. He expects good numbers when they report Thursday, but that said he prefers the biggest grocer, Walmart.
Many wrote off this supermarket chain a few quarters ago given the end of pantry stocking with the end of Covid. Since then, shares have risen 22% as this has benefitted a lot from inflation. It's also well-run. They report Thursday and he expects great numbers. That said, he prefers America's largest grocer, Walmart.
Kroger Co. is a American stock, trading under the symbol KR-N on the New York Stock Exchange (KR). It is usually referred to as NYSE:KR or KR-N
In the last year, 1 stock analyst published opinions about KR-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kroger Co..
Kroger Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for Kroger Co..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Kroger Co. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Kroger Co. (KR-N) stock closed at a price of $57.13.
Their CFO (who was good) just quit and he wants to know why. Until then, hold off on this stock.