Analysts mull possibility of Kroger buying divested drugstores

Analysts mull possibility of Kroger buying divested drugstores

This article is part of a series covering SN's annual Financial Analysts Roundtable, which on Sept. 19 brought together a prestigious group of industry experts to discuss the financial state of the food retailing industry. Click here to read the entire Roundtable transcript.

The industry is still awaiting the fate of hundreds of Walgreens and Rite Aid stores that need to be sold as a condition of the drugstore megadeal, but analysts who gathered at SN’s offices last month were intrigued at speculation that Kroger could be a buyer.

“It does seem like Kroger wants to get bigger in that business,” said Scott Mushkin, managing director, senior retail/staples analyst, Wolfe Research. “They just bought their second specialty p

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