Kroger Earnings: The Pandemic Boost Isn't Over
Kroger (NYSE: KR) investors were bracing for some bad news in the supermarket chain's fiscal first-quarter results. After all, the company was going up against an unusual prior-year period that included some of the biggest pantry-stocking demand spikes of the pandemic.
Yet Kroger outperformed expectations by announcing only modest sales declines. And management brightened its outlook on the rest of the year.
Let's dive right in and see what else the report tells us about this national grocer.
Source Fool.com
