Kroger could pop 25% as inflation drives earnings: Bank of America

Apr 8, 2022 · Bank of America on Friday upgraded Kroger to a buy rating from neutral.

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Kroger Could Pop 25% As Inflation Drives Earnings: Bank Of America

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Apr 8, 2022 · Bank of America on Friday upgraded Kroger to a buy rating from neutral.

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Food Price Inflation Will Continue Through 2023 And Be Passed On …

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Kroger shares hit an all-time high Friday after Bank of America upgraded the grocer to a buy rating.; The bank raised its price objective by 23% as it sees elevated levels of grocery …

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Kroger Earnings: Soft Food Inflation Prompts Weak Top

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Sep 12, 2024 · The retailer posted identical-store sales growth of 1.2%, which landed slightly ahead of our 1.0% forecast and modestly outpaced the 1% average annual growth in food-at …

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FAQs about Kroger could pop 25% as inflation drives earnings: Bank of America Coupon?

Why did Kroger shares hit an all-time high on Friday?

Kroger shares hit an all-time high Friday after Bank of America upgraded the grocer to a buy rating. The bank raised its price objective by 23% as it sees elevated levels of grocery inflation to continue at least through the first half of 2023. Kroger shares zipped past $62 a share in Friday trading. ...

Will higher prices boost Kroger's earnings?

Food shoppers are absorbing higher prices and that should boost earnings at Kroger, Bank of America said Friday in boosting both its rating and price objective for shares of the grocery chain. Kroger's stock price hit an all-time high of $62.78 following the rating upgrade from neutral, gaining as much as 4.8% Friday morning. ...

Why did Kroger raise its price objective by 23%?

The bank raised its price objective by 23% as it sees elevated levels of grocery inflation to continue at least through the first half of 2023. Kroger shares zipped past $62 a share in Friday trading. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. ...

Why is Kroger's earnings strong?

Persistent food inflation and higher grocery prices being passed through to consumers are factors that should contribute to earnings strength at Kroger, the bank said. "We see US consumers accepting the bulk of price increases given US average hourly earnings up +6% y/y," said the BofA analysts. ...

Does Kroger have a food inflation rate?

The chief executive of Kroger Co. said food inflation in the U.S. is starting to moderate, though prices have yet to broadly fall across supermarket aisles. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...

Will rising inflation help Kroger's bottom line?

Shoppers are likely to be buying even more from Kroger as inflation rises so they can save money compared with dining out, an analyst says. Skyrocketing inflation is tough on consumers but it should prove beneficial to grocery giant Kroger Co.’s bottom line, an analyst says. ...