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Stock impact report

The Ratings Game: Analyst worries that Kroger comment will lead the grocer down the same path as Sears [MarketWatch]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: MarketWatch
Analyst worries that Kroger comment will lead the grocer down the same path as Sears A comment from Kroger Co. Chief Executive Rodney McMullen has given GlobalData Retail’s Managing Director Neil Saunders a sinking sense of déjà vu, going back to Eddie Lampert and Sears Holding Corp. On the earnings call, McMullen talked up Kroger’s KR, -1.32% digital advancements. The grocer reported third-quarter digital sales growth of more than 60%. “We’re moving from a traditional grocer to a growth company with both a strong customer ecosystem that offers anything, anytime, anywhere, and asset-light, high-margin alternative partnerships and services,” he said, according to a FactSet transcript. Read: Whole Foods is now offering 50% off a bunch of fancy cheeses Saunders worries that Kroger will focus too much on digital at the expense of stores, many of which he says “feel run down and dispiriting” and don’t highlight what Kroger has to offer. “This mantra was also one peddled by Eddie Lamp Show less Read more
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