Kroger Co (NYSE:KR) delivered strong results for the second quarter on the back of its “solid business momentum and strong execution,” according to Telsey Advisory Group.
The Kroger Analyst: Analyst Joseph Feldman maintained an Outperform rating and price target of $82.
The Kroger Thesis: The company reported adjusted earnings of $1.04 per share, beating the consensus of 99 cents per share, driven by healthy ID sales growth, Feldman said in the note.
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The strong ID sales, ex-fuel, was driven by …