Kroger reports whopping 92 percent increase in digital sales
June 19, 2020
Kroger’s digital sales grew 92 percent during the first quarter as consumers turned to ordering online to have their purchases delivered or made ready for pickup at the supermarket operator’s stores. The company’s adjusted earnings per share came in at $1.22, ahead of the Wall Street consensus.
Recent News
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.
Meta To Broaden AI Image Generation Options for Ads
Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.
Sweetgreen Introduces Steak to the Menu
Sweetgreen, known for its signature salad bowls, has introduced steak to its menu for the first time, marking a significant change for the brand.
Disney Struggles With Streaming Profitability
Disney’s recent financial report reveals a mixed bag of results, with a significant focus on the challenges of making its streaming services profitable.