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Kroger's Fred Meyer unit to exit firearms sales

Published 03/19/2018, 04:29 PM
© Reuters.  Kroger's Fred Meyer unit to exit firearms sales
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  • Kroger (NYSE:KR) subsidiary Fred Meyer says it will phase out all sales of guns and ammunition, after earlier joining Walmart (NYSE:WMT) and Dick’s Sporting Goods in tightening gun restrictions.
  • KR says it made the decision to quit firearms sales, which generate ~$7M/year, a week ago "after evaluating changing customer preferences" as well as "softening consumer demand" for firearms in recent years.
  • KR operates ~130 Fred Meyer stores in four northwestern states; publicly traded gun manufacturers include Smith & Wesson parent American Outdoor Brands (NASDAQ:AOBC) and Sturm Ruger (NYSE:RGR).
  • Now read: Is The Crash In Kroger Stock An Opportunity?


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