Food and drug stores operator The Kroger Co. (NYSE:KR) has delivered better-than-estimated numbers for the third quarter.
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Revenue rose 7.2% year-over-year to $34.2 billion, outperforming estimates by ~$280 million. EPS at $0.88 too, comfortably beat expectations by $0.06. This outperformance came on the back of gains in identical sales without fuel as well as digital sales.
The Street currently has a Hold rating on the stock alongside an average price target of $51.25.
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