Kroger Closes the Performance Gap With Walmart
Investors were cautiously optimistic about Kroger's (NYSE: KR) fourth-quarter earnings report. The supermarket chain had been trailing key rivals like Walmart (NYSE: WMT) as it worked to transition into more of an omnichannel business. But its fourth-quarter results included its fastest growth rate in nearly two years.
Kroger's actual results built on that positive momentum by closing the performance gap with Walmart and other peers. The chain also affirmed an optimistic outlook for 2020.
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Source Fool.com
