Kroger 2020 profit, sales estimates top expectations; shares surge

(Reuters) - Supermarket chain Kroger Co forecast 2020 profit and comparable sales ahead of Wall Street estimates on Tuesday, saying it expects to see further benefits from investments in store modernization and deliveries, sending its shares up 10%.In the face of growing competition in the U.S. grocery space, recently disrupted by online retail giant Amazon.com , Cincinnati-based Kroger has taken a series of steps to boost its sales, including slashing prices.Sales fell 1.2% last year, but..