Updated
Updated · MarketWatch · May 8Kroger stock slips and underperforms competitors
12 articles · Updated · MarketWatch · May 8
- Shares fell 1.16% to $65.64 on Friday as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
- Kroger lagged Amazon and Walmart, which both gained, while Costco also fell but by a smaller 0.32%.
- The stock closed 14.29% below its 52-week high of $76.58, and trading volume of 3.4 million was well below its 50-day average.
As Walmart's AI deepens its grip, can Kroger's tech strategy prevent it from falling behind in the grocery race? Are Kroger's popular private brands the secret weapon to winning over shoppers permanently fleeing national brands for value? With unions alleging a 'Walmart model,' can Kroger's automation drive succeed without alienating its vast workforce?