Stock market today: Dow, S&P 500, Nasdaq futures tip higher as CPI inflation picks up, jobless claims surge

Kroger (KR) stock rose more than 1% in premarket trading after the supermarket operator beat earnings estimates and raised the low end of its full-year profit guidance.

The company reported earnings per share of $1.04, topping Wall Street’s estimates of $1 and above the $0.93 per share earnings it reported a year ago. Revenue remained flat year over year, coming in at $33.9 billion. Analysts were looking for $34.1 billion, according to S&P Global Market Intelligence.

Kroger adjusted its 2025 outlook and now sees same-store sales growth in a range of 2.7%-3.4%, above its previous range of 2.25%-3.25%. At the same time, it raised the low end of its earnings per share guidance by $0.10. Earnings per share are now expected to be between $4.70-$4.80 for the year.

Kroger has been undergoing a restructuring to streamline its operations under interim CEO Ron Sargent, including by cutting 1,000 jobs and closing some 60 stores. The company ousted longtime CEO Rodney McMullen in March following a probe into his conduct.

“Kroger delivered another quarter of strong results, which demonstrates the clear and measurable progress we’ve made on our priorities — to simplify our organization, to improve the customer experience and to focus on work that creates the most value,” Sargent said in a statement.