Most of the supermarket industry has fallen prey to Walmart’s drive into grocery over the last decade–but not Kroger. The Cincinnati-based supermarket giant continued its streak in its last fiscal year, as profits jumped 18%, market share increased, and same-store sales grew 5% (excluding fuel) for the year. The fourth quarter of 2015 marked Kroger’s 49th consecutive quarter of same-store sales growth. The 133-year-old company kept up its acquisition tear by buying the Roundy chain, giving Kroger a foothold in Wisconsin. The company has pursued a robust private label line, with about 40% of its own brand made by the company’s facilities that include dairies, delis, cheese plants, and bakeries. This current fiscal year might not be as rosy for the U.S.’s second-largest food retailer. Kroger has warned that its sales growth could be perhaps the worst in more than a decade in part due to shaky consumer confidence and low commodity costs.
News about Kroger
The discussed deal involved a plan to take Sprouts Farmers Market private.
In a bid to close a pricing gap with German-based discount grocery chain Aldi and other U.S. rivals.
The natural food grocer faces tough competition from other retailers like Kroger and Wal-Mart.
In June, inspectors warned one of violations that could result in food "contaminated with filth."
At stake is a $9 billion drugstore mega-deal.