Kroger Reports a 30% Sales Surge in March

Kroger (NYSE: KR) revealed fresh details on Wednesday about its sales trends as COVID-19 fears drove shoppers to its supermarket chains for stock-up purchases in recent weeks.

In an operating update, the country's biggest grocery store chain said demand began spiking in late February before soaring through most of March. Comparable-store sales jumped 30% for the month, management estimated, compared to around 2% gains in recent quarters. "The demand has been broad based across grocery and fresh departments," executives said. Kroger's digital channel is seeing a similar lift in customer interest.

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Source Fool.com