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Kroger Closes the Performance Gap With Walmart

TheMotleyFool 
0 0 10.03.20
Kroger Closes the Performance Gap With WalmartPhoto, wide shot, wide-angle lens, Restaurant, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/57273392-070f-46de-9297-125616327242.png
 

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.

Let's dive right in.

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Source Fool.com

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