Kroger up after it unveils long-term targets ahead of investor day
Tue 12:57
BUZZ-Kroger up after it unveils long-term targets ahead of investor day ** Shares of retailer Kroger KR.N up 1.6% at $64.08 premarket
** Co unveils long-term targets under CEO Greg Foran ahead of investor day, reaffirms annual forecasts
** Sees ~3% comparable sales growth by 2029, excluding fuel and pharmacy, along with 3% to 6% adjusted core profit growth and 7% to 11% adjusted EPS growth for 2027 through 2029
** "We are simplifying and modernizing our business to deliver a great customer experience and provide long-term value to our shareholders," says Foran
** Up to last close, stock had fallen ~7% over the past 12 months
(Reporting by Neil J Kanatt in Bengaluru)