SPOTLIGHT: Wall Street Thinks Grocery Is Dying Because It Can't Buy In, Says Kroger CFO

The dwindling number of publicly traded supermarket chains is making some Wall Street investors think the retail grocery industry is dying, Kroger (NYSE:KR) CFO Michael Schlotman told the Morgan Stanley Restaurant & Retail conference on Thursday (April 4). That's just not true: "Publix, H-E-B, Hy-Vee, Wegmans, WinCo—all of these companies are great full-service grocery operators doing just fine like we are. It's just that a lot of people who invest for a living don't recognize they exist, because they can't own a piece of that action," Schlotman said. "But the fact of the matter is the high end is doing just fine, the low end is doing just fine, and where we operate is doing just fine." Story