Thom Guidi, CFA, shareholder and investment manager at Foster & Motley, was recently featured in an article by Steve Watkins of the Cincinnati Business Courier discussing Kroger’s decision to cut jobs at its Cincinnati-area facilities. Below is an excerpt from the article:
The number of job cuts wasn’t disclosed, but a Kroger spokesperson said the company is making changes to improve how it serves customers, the article states.
Guidi doesn’t see the move as indicating a significant change in direction for Kroger. “It is not surprising that Kroger would reevaluate their operations after the Albertsons merger was disallowed,” he told Watkins. “This seems to be pruning of those things that did not work instead of a massive cost-cutting decision.”
Click here to read the full article on the Cincinnati Business Courier’s website (a subscription may be required).