Kroger: same-store sales estimates missed and shares drop 11%
date:Sep 18, 2018
struggling rivals on a fiercely competitive high street. The employee-owned group reported a 99% slump in first-half profit by an exceptional 1.4mln pounds, hit by its pledge to match prices and lower sales of big-ticket home items. The group had warned in June that first half profits, which are always much lower and volatile than the second half, would be close to zero.
Source: esmmagazine.com





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