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Aldi Announces Increased Sales

10/02/2022

Privately held Aldi does not release financial data.  In a recent statement, Scott Patton noted that the company has generated consecutive double-digit sales growth over of a number of years in the U.S. operation. The Company is now clearly stressing quality of products to offset the perception implied by lower prices.  Patton stated, “We make thousands of strategic intentional decisions that help us keep prices low on high-quality groceries.”  Currently more than 70 percent of items stocked by Aldi are under house brands but equivalent in the quality and packaging of national alternatives.

 

Aldi operates 2,200 stores across 38 states and intends to become the third-largest U.S. grocery retailer by store count in the near1 future.