Kroger shares plummet on weak Q4 sales, profits

Business 03/07/19, 15:30

Kroger's costly modernization plan may eventually help it compete with retailers like Walmart. But in the meantime, it's a big drag on profits.The supermarket chain's shares fell sharply Thursday after it reported weaker-than-expected fourth quarter earnings and disappointing guidance for 2019.At issue is its three-year Restock Kroger initiative, which aims ...

End of content

No more pages to load