Kroger Sales Jump as Grocer Benefits From Consumers Eating at Home


Kroger Co. reported sturdy gross sales for the most recent quarter as shoppers continued to go for consuming at house, however mentioned greater supply-chain prices are squeezing its revenue.

The Cincinnati-based grocer mentioned it has extra stock at the moment than a yr in the past and that it incurred vital supply-chain prices to maintain its cabinets stocked. On the identical time, most merchandise are getting costlier and the corporate mentioned shoppers have gotten price-sensitive.