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Kroger raises profit guidance

Reuters/Yahoo Finance 06/16/2022

Kroger’s same-store sales, excluding fuel, during the first quarter were up 4.1 percent. The grocer giant, which expects to cut $1 billion in costs this year through the implementation of automation and technology, raised its annual profit forecast range to $3.85 and $3.95, up from $3.75 and $3.85.

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