Kroger Co.’s stock fell 12% on Thursday as the grocer’s investment in online operations to compete with Walmart Inc., Amazon.com Inc. and other retailers cut into profit and disappointed investors looking for higher share buybacks and dividends. The largest U.S. supermarket chain is struggling to invest in online operations and introduce new products at its 2,800 stores while also generating enough profit to keep investors happy.

Source: Wall Street Journal March 08, 2018 14:04 UTC