Kroger Earnings: Raising the Bar
Kroger (NYSE: KR) shareholders had high expectations heading into the supermarket giant's second-quarter report. Sales trends in early 2021 had been holding at a much higher rate than before the pandemic. And the company appeared on track to begin boosting its profitability higher toward peers like Target and Walmart (NYSE: WMT).
On Friday, Kroger delivered mostly good news along both of these lines even as CEO Rodney McMullen raised the chain's full-year outlook. Let's dive right in.
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Source Fool.com