Kroger Co. posted higher quarterly sales from the pandemic-driven demand for groceries, but signaled that growth has slowed from the first months of the crisis. The nation’s biggest grocer said Friday that sales excluding fuel at stores open at least 15 months rose about 14.6% in the latest quarter from a year earlier, beating expectations. Kroger generated $819 million in profit for the quarter ended Aug. 15. Total sales increased 8% to $30.5 billion.

Source: Wall Street Journal September 11, 2020 13:27 UTC