Why Kroger Is Optimistic About 2020
Kroger (NYSE: KR) this past week had mostly positive news to give investors about its business. The supermarket chain's turnaround effort is gaining steam, and that success is finally showing up in key operating and financial metrics such as sales growth and cash flow. Executives paired that encouraging news with an optimistic outlook for 2020 that calls for a third consecutive acceleration of sales gains.
In a conference call with investors, CEO Rodney McMullen and his team dove into a few key reasons they're so confident in Kroger's outlook in a competitive and dynamic retailing environment. Below are a few highlights from that earnings call.
"While first quarter results came in below our identical sales guidance range, the balance of the year came in at the top end of our guidance, at 2.25%." -- CFO Gary Millerchip
Source Fool.com
