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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Some businesses are not suffering

Some businesses are not suffering

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #1

    https://www.cincinnati.com/story/money/2020/09/11/kroger-sales-jump-digital-sales-more-than-double/3461188001/

    "Kroger's winning streak amid the COVID-19 pandemic continued Friday as the Cincinnati-based grocer reported second-quarter results that beat Wall Street expectations.

    The nation's largest supermarket chain posted an $819 million profit on sales of $30.5 billion – with profits nearly tripling (up 175.8%) and revenues climbing 8.2% from the same period last year.

    A key measure of growth, identical store sales excluding fuel, grew 14.6% from the same quarter last year."

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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    • brendaB Offline
      brendaB Offline
      brenda
      wrote on last edited by
      #2

      The grocery stores with delivery and curbside pickup are doing well. Other grocery stores may struggle. I wonder how the smaller grocers are faring. They may be fine just because more people eat at home and cook at home now.

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