Kroger Co. lifted its full-year guidance as the grocery-store operator benefits from consumers prioritizing spending on groceries and other essentials.

Kroger stock was rising after the grocery chain beat second-quarter earnings expectations as customer visits increased. Kroger reported second-quarter adjusted earnings of 93 cents a share on revenue of $33.

Kroger Co. lifted its full-year sales guidance as the grocery-store operator benefits from consumers prioritizing spending on groceries and other essentials.

Kroger raised the lower end of its annual sales forecast after topping Wall Street expectations for quarterly results on Thursday, as its efforts to offer freshly sourced groceries at lower prices helped pull in customers looking to save money.

Kroger’s CEO says the company is still committed to closing its merger with Albertsons, despite regulatory pushback.

Key Takeaways Kroger shares surged Thursday after the supermarket chain better-than-expected adjusted profit for the second quarter.Diluted EPS and revenue missed analysts' consensus estimates.CEO Rodney McMullen said the chain is "confident in the facts and the strength of our position" as it fights the FTC's legal challenges to its $24.

Kroger (KR) is proving that even in uncertain times, the grocery chain is thriving. Shares of Kroger increased after the grocery giant reported strong second quarter earnings that revealed, despite shaky economic conditions and ongoing regulatory battles,