By Thomas Paulson, Head of Market Insights With Albertson’s quarterly results came the first public comments from incoming CEO Susan Morris (currently COO). Morris touched on management’s current initiatives and didn’t introduce anything meaningfully different, i.e. they will continue to work from the same playbook. Morris, “Our Customers for Life strategy is working. We’re growing digitally engaged customers, omnichannel households, loyalty members and increasing customer traffic. Our stores are operating more effectively and efficiently as new technologies take hold, and we’re proactively reducing our costs.

By Thomas Paulson, Head of Market Insights To say that this is a dynamic time for grocery retail is a classic underbilling given the inflationary spiral coming out of the pandemic, the substantial share-of-stomach lost by conventional brands to private-label led retailers such as Trader Joe’s and Costco, an abandoned merger by Kroger and Albertson’s, and this week’s news of the departure of their CEOs. Before we jump into the earnings results from Kroger, we’d point readers to our recent analysis of the results from Grocery Outlet , Sprouts , and Walmart & Ahold .