Kroger's Investor Presentation: 3 Takeaways
Kroger (NYSE: KR) gave investors some good news in its latest earnings report. The supermarket giant raised its outlook for the second straight time in 2021 while proving its competitive strength against rivals like Walmart (NYSE: WMT). Sales, earnings, and cash flow metrics are all heading higher after shoppers spent freely on eat-at-home products through mid-August.
However, profits have been pressured by that market share battle, and Kroger still has a lot of ground to cover in its profitability gap compared to Walmart, Costco Wholesale, and others. In an investor presentation, CEO Rodney McMullen and his management team explained how they plan to catch up while boosting shareholder returns.
Image source: Kroger.
Source Fool.com
