Kroger Raises Sales Outlook on Resilient Grocery Spending.

Kroger Co., a grocery-store operator based in Cincinnati, has raised its full-year sales outlook due to increased consumer spending on groceries and other essential items. The company expects comparable sales, excluding fuel, to rise between 0.75% and 1.75%. Kroger's success can be attributed to attracting more customers through low prices and personalized deals. This trend of prioritizing spending on food and staples has benefited other essentials-focused retailers like Walmart and Target, while hurting retailers selling big-ticket items. Kroger's shares have risen 2.2% in trading, and the company is currently defending its proposed acquisition of Albertsons Cos. in court. [Extracted from the article]