What Kroger Wants Investors to Know
It took almost two years, but investors are finally starting to see results from Kroger's (NYSE: KR) turnaround plan. The grocery store chain this past week announced a small but meaningful sales growth acceleration while posting higher profitability.
The results weren't good enough to convince management to raise their 2019 outlook, as peers like Walmart (NYSE: WMT) and Target (NYSE: TGT) have done this year. But CEO Rodney McMullen and his team said in an earnings call that the numbers demonstrate that better days are coming for the business. Let's look at a few highlights from that presentation to investors.
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Source Fool.com
