Ladies and gentlemen, we just got earnings from Kroger (NYSE:KR) this morning.
The company reported $0.90 adjusted EPS versus the $0.77 estimate from the analyst. Revenue for the quarter came in at $34.6 billion, which actually beat the $34.25 billion.
And it's up a good amount from last year in the same quarter when Kroger (NYSE:KR) reported $31.78 billion of revenue.
And on top of that, the company also raised its full-year 2022 adjusted EPS number from about $3.85 to $3.95. Now, to $3.95 to $4.05.
Kroger (NYSE:KR) also raised their full-year 2022 same-store sales growth outlook from about 2.5% to 3.5%. Now, it's at about 4-4.5%.
That's the reason why the stock is moving.
Kroger Stock Up 5% Following Earnings
And looking at the chart, the stock's up over 5% after these earnings, which makes sense to me. It's starting to break out of $50 per share.
It's at a multi-week high.
I feel like mid-50s, even higher is where it could be going.
What do you guys think? Let me know your thoughts. Follow along for more.