Some businesses are not suffering
-
wrote on 12 Sept 2020, 14:20 last edited by
"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."
-
wrote on 12 Sept 2020, 14:34 last edited by
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.