The Price Of Aldi's Expansion? It Could Be Cheaper Groceries [Forbes]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Forbes
Which makes one wonder: Why wasn't Aldi, the value-priced grocery chain from Germany, among the “aggressive” competitors Kroger and Albertsons ACI named in defending their $24.6 billion mega-merger to antitrust regulators? Target TGT , Walmart WMT , Costco and Amazon AMZN were all blamed for creating an environment in which Koger said it needs to acquire Albertsons in order to thrive. But not Aldi and its cheap cereal. Perhaps this is why: Back in March, when Kroger and Albertsons were justifying their merger, Aldi was flying under the radar with “just” 2,300 small-format stores. But since then, Aldi has unfurled an ambitious plan to add 800 locations by 2028. Also in March, Aldi completed its acquisition of 400 Winn-Dixie and Harveys Supermarkets in the Southeast. Which means those less-than-$2 boxes of cereal will be much closer to more of the population. Aldi, in other words, could play a significant role in price competition. Adding the Aldi Element To Antitrust Should Al
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News
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- The 2024 Milken Institute Global Conference Opens May 5, Convening Global Leaders to Discuss Strategies Aimed at Shaping a Shared Future [Yahoo! Finance]Yahoo! Finance
- Kroger considers Disney+ perk for grocery delivery members [Yahoo! Finance]Yahoo! Finance
- ‘Announcements coming soon.' What's the status of High Street development near Rupp? [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website