The latest earnings report from Kroger (NYSE:KR) is another indication that the grocery store chain is surviving the increased commitment of retail giants Wal-Mart, Target, and Costco in the sector as well as brushing off smaller online upstarts such as Instacart and Peadpod.
Some bearish calls on Kroger played up the Wal-Mart and online factor.
Kroger also compares nicely to high-flyer Whole Foods Market when looking at identical-store sales, +5.7% vs +3.6% this year and +10.3% vs. +8.1% on a two-year stack (h/t Blue Horseshoe).
Previously: Kroger beats by $0.03, misses on revenue (Jun. 18 2015)
Previously: Profit beat and solid guidance lifts Kroger (Jun. 18 2015)
KR +3.0% premarket to $74.79.
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