Week 2 dq response
Question Description
Response to peer in 175 words
The two components I chose were Publix Supermarket and Kroger Grocery Market. These two grocery chains operate mainly in the Midwestern and Southern United States and is the second largest retailer after Wal-mart. Publix Stores operate mainly throughout the Southeastern United States. The revenue for Kroger in 2017 was $122,622 and the revenue for Publix in 2017 was $291,894. Publix actually had reports of better revenue that year than Kroger these are both very successful grocery chains. Amid the current crisis, grocery stores have seen profits rise although there tends to be a lot going out with the costs involved. These chains have to be very care because profits could become short-lived once the pandemic is over. I think this would be the perfect time to invest in stocks in these markets. So many businesses have not been able to survive but there are no reports of store closings for either stores. If I were to invest, I would invest in both stores. Both companies have seen their value go up and more profits for shareholders since 2017.
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