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Grocery giant Kroger Co. had signaled that its third-quarter 2020 report would deliver excellent earnings. And when聽the company released its Q3 results on Thursday De
stanley cup usa c. 3 , it did highlight that its online sales shot up 108 percent. The company also raised its full-year guidance on how it expects to perform.In late October, Cincinnati-based Kroger said its Restock Kroger plan would generate consistent shareholder returns. Restock Kroger is the companys program that aims to improve shipp
stanley hrnek ing, distribution and the links between its online and offline businesses.In the earnings announcement, Chairman and CEO Rodney McMullen said the company had continued to execute on its Restock transformation. He pointed to total company sales, which hit $29.7 billion聽in the third quarter, up from聽$28 billion聽for the same period last year.Earnings per share EPS reached $.80, up from $.32. Q3 operating profit hit $792 million, up from $254 million the previous year.The company added that it has made continued investments to support and safeguard associates, customers and communities, nearly $1.3 billion since March. The announcement also pointed to the companys stock buyback program: During the quarter, Kroger repurchased $304 million of shares under its $1 billion board authorization announced on Sept. 11, 2020. Year-to-date, Kroger has repurchased $989 million of shares. As a result of our continued strong performance, market share growth and the
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Fueled by buzz generated from a savvy early partnerships with Apple and Microsoft, and a loyal customer base willing to delay purchases to cash in on promotions, Kirkland, Washington-based startup Pirq enjoyed a rash of success in early 2012 as a viable competitor to Groupon and LivingSocial in the th
stanley kubek en burgeoning daily deals space.Investors took notice, pumping $1.2 million into Pirq in September of 2012. And Pirq showed it was capable of forward-thinking moves, keeping it simple and bucking white-hot near-field communication NFC technology for SMS deals delivery Jump to 1:23 . A move that recent PYMNTS analysis validates.But, the daily deals space retracted just as quickly as it expanded. CEO James Sun recalls that when the change came, it came fast. Sun had to make aggressive mov
stanley kubek es to save his company, rebranding it as an SMB loyalty platform and cutting its entire sales staff of daily deal specialists Jump to 5:20 .At the end of the day, the merchant realizes it about keeping their customers, building their customers and deepening that relationship, so that the pivot that we took, Sun said Jump to 3:10 . It was a good one, because if we stayed in the daily deals space, I think that we would not have much of a chance right now.Pirq has since launched its digital loyalty platform nationwide, and Sun
stanley polska believes that today his company is offering a solution that will prove integral to SMBs. Sun told PYMNTS that he is confident
