Get the app today! Download iPhone App Download Android App

Kroger Surges Most Since 1993 As Concerns About Amazon Fade

Published on Nov 30 2017 4:30 PM in Retail tagged: Trending Posts / Kroger / US Retail

Kroger Surges Most Since 1993 As Concerns About Amazon Fade

Kroger is finding its stride, even as competition heats up in the cutthroat grocery industry.

Shares of the grocer, battered for months by pessimism after Amazon pushed into the fiercely competitive industry, jumped as much as 14% - the most in almost 25 years - after the company posted same-store sales that beat estimates. Kroger also sees sales growth continuing in the fourth quarter.

“You’re seeing their strategy start to pay dividends,” said Jennifer Bartashus, an analyst at Bloomberg Intelligence. “The stock has really been impacted by the perception of other companies, rather than the performance of Kroger itself.”

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email