Summary
CINCINNATI -- Kroger Co. stock jumped Tuesday after the nation's largest traditional grocery chain posted a 16 percent profit increase in the third quarter and said profits for the year would be higher than its previous forecasts.
Facing tough competition from discount chains led by Wal-Mart Stores Inc. that sell groceries and from higher-end niche players such as Whole Foods Market Inc., Kroger credited a combination of cutting prices, offering wider varieties of foods and merchandise, and improved customer service for its growth.See the full content of this document
Extract
A Toast to Success; Kroger Profits Up in 3rd Quarter
"Our results are being achieved by a balanced approach and are being impacted by more than just t...
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