You gotta eat. One of the staple industry, even in a pandemic, is the food business. Walmart (WMT), Whole Foods and Kroger saw steady sales for the first two quarters of the year. Kroger, however, experienced a degree of pushback on the performance news on Thursday. The company witness investor pullback, is this an opportunity?
Only Kroger KR -3.05% seems excited about its own sales performance last quarter. Investors could show a little more enthusiasm.
The grocery chain saw an impressive uplift in revenue excluding fuel, growing it by 19.1% in the quarter ended May 23 from a year earlier. Total sales exceeded analyst expectations by 2.1%, and digital sales grew by a remarkable 92%. Earnings per share also came in 9% higher than expectations.
the Java Exchange 