Kroger experiencing a strong run on Wall Street

Mark Garrison Sep 11, 2015
HTML EMBED:
COPY

Kroger experiencing a strong run on Wall Street

Mark Garrison Sep 11, 2015
HTML EMBED:
COPY

Kroger reports earnings Friday morning. The grocery chain is having a relatively strong run on Wall Street lately. Its stock is up 35 percent in the last year, even as the broader market is lower. In the ultra-competitive market for grocery shoppers, Kroger has figured out how to get us to buy more stuff.

“Its strong financial performance has just defied or bucked every trend in this business,” says Meg Major of Progressive Grocer.

Analysts point to the company’s ability to use data to predict what shoppers want and investments in staff to provide better service. Its latest weapon: the biggest Kroger in history. A new Ohio store that opened this week will employ nearly 500 people, around the size of an Army battalion.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.