When dairy goes on sale
Relatively steady grocery store prices keep consumers coming back for milk and other dairy products. Grocers, then, must find another way to manage their inventories and margins to align with the changing tides of the prices they pay for these items. The answer, says Mike Brown of the Kroger Company, is sales.
“We rarely change list price. We try to balance with promotions,” explained Brown, Kroger’s dairy supply chain director, on the March 24
Hoard’s Dairyman DairyLivestream. Dairy provided two clear examples of this strategy in the wild price swings of 2020.
On the butter side, prices were the weakest they’d been in a long time. That allowed Brown’s stores to bring in more product, and then they ran promotions to move it.
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Nine Must Reads for the CRE Industry Today (March 12, 2021) The New York Times looks at which apartment amenities are the most popular right now. The American Dream owners are likely to lose parts of their stakes in other mega malls, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.
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Kroger (KR) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Kroger (NYSE: KR)
Rebekah Manis
Director of Investor Relations
Thank you, Gary. Good morning and thank you for joining us. Before we begin, I want to remind you that today s discussion will include forward-looking statements. We want to caution you that such statements are predictions, and actual events or results can differ materially.
A detailed discussion of the many factors that we believe may have a material effect on our business on an ongoing basis is contained in our SEC filings. The Kroger Company assumes no obligation to update that information. Both our fourth-quarter press release and our prepared remarks from this conference call will be available on our website at ir.kroger.com. After our prepared remarks, we look forward to taking your questions.