Kroger raises its 2020 profit forecast

December 4, 2020

Kroger said that it expects its digital sales growth rate to slow in 2021 after posting very strong numbers in 2020. The grocery giant forecasts its annual same-store sales will grow around 14 percent, higher than its previous guidance of 13 percent. Kroger also is expecting to post earnings per share between $3.30 and $3.35, compared to the $3.20 to $3.30 it previously forecast

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.