Impressive results did little to enthuse investors in Kroger Co., America’s largest supermarket chain. The second largest got a similar shrug on Monday after posting solid numbers of its own.
Albertsons Cos. saw sales increase more than 21% in the quarter ended June 20 compared with a year earlier, boosted by a 276% surge in digital sales. Adjusted earnings before interest, taxes, depreciation and amortization grew 93%. Both measures were largely in line with expectations, yet Albertsons’ shares fell 5.4% on Monday.
... The Link LonkJuly 28, 2020 at 04:43AM
https://www.wsj.com/articles/grocers-deserve-a-fresh-set-of-eyes-11595877556
Grocers Deserve a Fresh Set of Eyes - The Wall Street Journal
https://news.google.com/search?q=fresh&hl=en-US&gl=US&ceid=US:en
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