Kroger raises annual same-store sales forecast

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(Reuters) – Kroger (NYSE:KR) Co raised its annual same-store sales forecast on Thursday, riding on steady demand for groceries and household essentials despite higher prices.

The U.S. supermarket chain, which is in the process of buying smaller rival Albertsons Cos Inc in a $25 billion deal, forecast adjusted same-store sales growth of 5.1% to 5.3% in fiscal 2022, compared with its prior outlook of a 4% to 4.5% rise.