Kroger (KR) topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online.
“They’re both (Walmart and Kroger) attacking online. They both want to be there for the consumer wherever the consumer wants to shop…and they are all getting better at the digital side of the food game,” said Telsey Advisory Group analyst Joseph Feldman.
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