Kroger’s (KR) jumps 9% on earnings. The biggest US supermarket chain beat earnings by 4 cents as sales actually declined 0.3% to $45.12 billion. The company reaffirmed guidance, but raised comps and full year sales guidance as cash flow remains strong with more customers turning to them verse rivals. Kroger’s also initiated a $5 billion accelerated share repurchase program.
Accenture (ACN) fell 6% as the consulting firm faces corporations and the federal government tightening their belts by cutting costs and asking for concessions to lower billing costs.
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