Like many grocery retailers, Grocery Outlet is doing all it can to keep its operations, supply chain, and shopper-base strong despite COVID-19 developments. Last week, the West Coast grocer released its financial results for the fourth quarter and full fiscal year 2019, in which it chose to also outline what strategies are working for it and its team as ways of mitigating the challenges. One aspect of this outline was its effective purchasing strategy.
“We remain committed to our value proposition to customers—offering deep value on branded and everyday consumables in an easy-to-shop environment,” said Eric Lindberg, CEO of Grocery Outlet. “As much as we’re focused on the present circumstances, we are not taking our eye off of our longer-term strategy. Our approach has been and will continue to be focused on making smart, disciplined investments to support our growth.”
Charles Bracher, Chief Financial Officer, echoed Lindberg’s sentiments, affirming that “while we’re adapting to the current operating environment, we continue to invest in our long-term growth opportunities.”
Lindberg continued, “All parts of the business are coming together to serve our customers; we are leaning on our strong purchasing organization, long-standing vendor relationships, flexible supply chain, and the tireless efforts of our community of independent operators and their employees in order to keep store shelves stocked."
According to a press release, highlights from Grocery Outlet’s fourth quarter ended December 28, 2019 included the following:
Highlights from Grocery Outlet’s 52-week fiscal year ended December 28, 2019, included the following:
To read Grocery Outlet’s financial report in its entirety, click here.
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