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UBS: Here’s how Kroger can survive Amazon’s push into groceries (KR)

Shares of Kroger, the No. 2 US grocery chain, tanked last week after the company said it would only give annual — not long term — guidance going forward. For the second quarter, Kroger's same stores sales (excluding fuel) and total revenue both beat analyst expectations, but the guidance shift left UBS analysts Michael Lasser and Mark Carden feeling un-enthused. “Had it not been for the fact that KR left some doubt about its long-term outlook, its 2Q would have been received relatively well,” they wrote in a note out Monday morning.
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