Kroger Stock Surges on Q4 Earnings Beat and 2024 Guidance

Key TakeawaysKroger's stock surged Thursday as the grocery chain's fourth-quarter profit beat analyst estimates and the company issued strong earnings guidance for the full year of fiscal 2024.Last week, the Federal Trade Commission filed a lawsuit to halt Kroger's $25 billion merger with Albertsons, alleging it would decrease competition and raise prices.Kroger said it is continuing its pause of stock buybacks as it pursues the Albertsons merger. Kroger's (KR) shares jumped over 8% in early trading Thursda ...