What’s Next For Kroger’s Stock?

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Hook (NYSE:KR), the company that operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States, has grown 6% over the past twenty one business days (one month) and is currently close to $45. It should be noted that the broader S&P500 registered an increase of 3% during the same period. In early December, the supermarket retailer announced Q3 revenue that grew 7% year-over-year (yoy) to $32 billion. The highlight of the Q3 report was a 103% jump in digital sales as compared to 2019. Also, the company’s gross margin was 21.66% of sales for the quarter. she said, krogero
KR
Succeeded in key growth initiatives including its digital sales channel and its in-store grocery brands – while managing to navigate around difficult labor and supply chain situations.

For the full year, Kroger raised its guidance driven by momentum in third-quarter results and continued food on household trends. The company now expects revenue to be in the range of 13.7% to 13.9% as compared to the previous outlook of 12.6% to 13.1%. It also expects adjusted net income per diluted share to be in the range of $3.40 to $3.50, compared to the prior range of $3.25 to $3.35.

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Now, is KR stock poised to rise further? Based on our machine learning analysis of stock price trends over the past ten years, KR stock has a 61% chance of growth in the next month (twenty one trading days). View our analysis Kroger stock likely to rise for more information.

And if you are considering KR stock as an investment option in longer time frame, you can find out our forecast kroger revenue comparison Dashboard that compares it to its peers and history.

Calculation of ‘probability of occurrence’ and ‘probability of increase’ using data from last 10 years

[1] Return of 1.9% or more five day period 2514. out of 712 times (28%), Out of these 712 cases, 385 stocks rose in the next five days. (54%)

[2] Returns of -1.9% or less ten day period 2515. out of 612 times (24%), Out of these 612 cases, 346 stocks increased in the next ten days. (57%)

[3] Return of 5.6% or more twenty one day period 2515. out of 621 times (25%), Out of these 621 cases, 380 stocks increased in the next twenty one days. (61%)

as well, kroger peer comparison Summarizes how the company performs against peers on key metrics.

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