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Kroger is surging after crushing earnings thanks to booming online sales (KR)


Kroger easily topped first-quater expectations on Thursday.
Digital sales spiked 66% over the previous quarter as Kroger faces increasing competition from Amazon.
The stock surged more than 8% in early trading.
Follow Kroger’s stock price in real-time here.

Kroger surged more than 9% early Thursday after the US’s largest grocery chain posted earnings that crushed Wall Street expectations thanks to a surge in digital sales.

For the first quarter, Kroger said it earned an adjusted $0.73 per share where analysts had expected $0.63, according to Bloomberg. Revenue of $37.53 billion topped the $37.33 billion consensus.See the rest of the story at Business Insider

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