Kroger stock spiked on Thursday morning with shares hitting a high of $54.75 by around 11 am, up 8.44%, upon release of its Q4 earnings report that handily beat analyst predictions on its earnings per share.
The company reported earnings of $1.34 on revenue of $37.06 billion for the quarter ended January, coming in far above analyst estimates of $1.13 per share.
Revenue was up 6.44% year over year, and Kroger said it anticipates net earnings per diluted share of $4.30 to $4.50 per share in fiscal year 2025.
Adjusted earnings for the year came in at $4.76 per share,…
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Tag: supermarket 23
Here’s the scenario: It’s two days before Thanksgiving and a quarter of the front-end cashiers are out sick because of a flu that has spread across town.
Or perhaps a tornado has blown through town, emergency rescue is ongoing, and a substantial portion of the grocery store staff is unable to get to work.
What is a grocer to do?
Upshop, a grocery tech company, has launched a new solution to these last-minute worker shortages that utilizes gig workers from delivery services Instacart, DoorDash, and Uber Eats to help with fulfilling curbside pickup orders during worker shortages.
The Workforce Enhance…
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