The Price Way:
Financial Discipline
Investing for the Long Term and Putting People Over Profit
Price is celebrating its 75th anniversary throughout 2024, and our commemoration of this milestone will dedicate special attention to the 13 tenets of the Price Way. Each post in this blog series explores one of these guiding principles, giving our blog readers a closer look at its meaning.
Financial Discipline in Action
At Price, we have a unique style of financial discipline. Our focus on investing for the long term means we’re willing to take risks and sustain losses to ensure we’re building foundation. Profits are not just measured over quarters or even years; they’re also measured over decades and generations.
Our company structure is supported by business leaders who are detail oriented enough to spot areas for improvement and forward thinking enough to see opportunities for growth. We keep on top of the trends and concentrate on what we can control: serving our customers, ensuring capacity and innovation, and working with our partners on win-win strategies.
While we keep the majority of our earnings to invest for tomorrow, we also give back to our communities today. Sharing our success with our customers, employees and community is a proud legacy that shows what we built, contributed and left behind. We will always put people over profit.
“Financial discipline means empowering our business leaders to make prudent, growth-oriented investments – both in fixed assets and in people. It means that cost is only part of the equation and that entrusting those in a leadership position to make timely, accurate decisions that are in Price’s best interest ensures that we will have the space, equipment and people to operate as a ‘forever company.’”
– Peter Stoykewych, Financial and Reporting Analyst
Our Book:
I’m Just Gerry
Read the full story about our 13 Tenets
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