Kroger is assessing the potential effects of rising tariffs on its Fresh business, especially produce, according to interim CFO Todd Foley. He noted that Kroger has less exposure to these tariffs compared to competitors, with only a small impact expected from produce sourced from Mexico and Canada. While facing a modest single-digit exposure to imports from China due to recent tariff increases, Kroger is proactively sourcing from less affected suppliers to maintain low prices. Foley emphasized this strategy as an opportunity to stay ahead despite the overall limited impact on the company’s business.
Source: https://www.supplychaindive.com/news/kroger-tariff-exposure-produce-mexico/742997/