GO - Grocery Outlet Offers A Novel Business Model And Growth
2024-02-01 17:01:19 ET
Summary
- Grocery Outlet is a high-growth, extreme-value retailer with a unique business model of buying brand name products at discount prices.
- The company operates 441 stores, with 438 run by independent entrepreneurs who split gross profits 50-50 with Grocery Outlet.
- While Grocery Outlet offers inexpensive products and moderate growth, it falls behind competitors like Kroger in terms of earnings and dividend payments.
When I first graduated from college in 2001, the job market was difficult. At a loss to get into my chosen fields, I ended up working at an independent grocery store. It gave me a sort of sympathy to independents, watching them try to compete with the likes of Kroger (KR) and Walmart (WMT)....
Grocery Outlet Offers A Novel Business Model And Growth