Kroger reaffirms guidance, Marriott discloses breach
The S&P 500 continues to drift near session lows with a 3.2% decline. Shares of Kroger (KR 31.08, +0.96, +3.2%) are up 3% after the company said it expects first quarter identical sales, excluding fuel, and adjusted EPS to be better than the annual growth rate provided in prior guidance. The company reaffirmed its FY20 guidance and suspended share repurchases. On a related note, Wolfe Research initiated KR to Outperform today. In other corporate news, shares of Marriott (MAR 69.20, -5.56, -7.4%) continue to struggle, this time after the company disclosed a data breach that affected 5.2 million customers.