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Rupesh Parikh of Oppenheimer asks about the future inflation trend. CEO Rodney McMullen said $KR is not seeing signs of a pickup in overall food inflation. Cost increases were projected for milk but the Federal market order on milk is not showing any upward trend. So $KR expects a low inflationary environment for most of the year.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?