Kroger Co. (KR) was sizzling early Thursday, June 21.
Shares jumped more than 10% in premarket trading after the grocery giant posted fiscal first-quarter sales of $37.5 billion, up 3.4% from a year earlier, and raised the low end of its guidance for the fiscal year. Shares were trading up more than 11% to $29.40 at 9:40 a.m. ET Thursday. Adjusted earnings in the quarter were 73 cents a share, 10 cents ahead of analysts' estimates.