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Kroger CFO says supermarkets 'doing just fine'

from Supermarket News

A dearth of publicly traded supermarket peers is obscuring the industry's underlying health from Wall Street, Michael Schlotman, Kroger's chief financial officer, said at an investor conference. "There is a dwindling number of comparative companies to look at in our industry, so everybody thinks our industry is dying," Schlotman said at the Morgan Stanley Restaurant & Retail conference, in response to a question about investor confidence in Kroger's ability to maintain its performance. more

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