, Columnist
Kroger Hints at More M&A in the Grocery Aisle
All it needs is some confidence it can turn around struggling targets.
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America's largest grocery store is still hungry for deals.
Kroger Co., with $110 billion in sales last year, has become America's second-largest seller of groceries after Wal-Mart Stores Inc., thanks to 51 straight quarters of positive sales growth, along with acquisitions such as supermarket chain Harris Teeter. But sales growth has slowed lately, and investors -- worried that competition and falling food prices mean Kroger's best days may be behind it -- have pushed the stock down 23 percent this year.