Kroger Shares Surge After Earnings Beat, Says Prices Will Stay Stable

Shares of The Kroger Co. rose by more than 9 percent during the June 20 trading, after the Cincinnati-based grocery store chain raised its yearly outlook and said it would only raise prices as a last resort in response to higher tariffs and inflation.

Kroger reported earnings of $1.49 per share for the first quarter of fiscal 2025, which ended on May 24, exceeding analysts’ consensus of $1.45 per share. Total sales remained flat compared to a year ago at $45.1 billion, missing Wall Street expectations of $45.35 billion, according to FactSet.