Shipping woes, discounts bite into Kroger's margins, shares fall - NewsBreak
By Hernandez in Business
Updated 3 years ago
Sept 10 (Reuters) - U.S. supermarket chain Kroger Co (KR.N) reported a fall in a main measure of profitability on Friday, blaming wastage, discounts and this year's squeeze on global supply chains. The company's shares tumbled as much as 9.1%. U.S. retailers have been spending more on shipping and labor...
