Menards has been on a roll, going up a massive 2,000% in value in the past five years, and it seems like the company is on the brink of making a big move into the next phase of its business.
The stock has risen almost 7% since its initial public offering (IPO) in July of this year, which was the best-ever performance for the company.
Its stock was worth $20.83 at the time of the IPO, but that was back in October 2016.
Today, it is worth more than $40.
In the past year, the company has seen a slew of acquisitions and mergers.
For example, in July, it acquired two large grocery chains, the Whole Foods Market and Target, for an undisclosed amount of money.
At the time, the combined company was valued at more than US$1.4 billion.
Last week, the Boston Globe reported that the company was also looking at expanding its footprint.
The Boston Herald reported that Menards is exploring buying two of the largest grocery chains in the US: Safeway and Kroger, and has a similar plan to buy the third-largest grocer, Safeway.
In September, the US Department of Justice announced that it had filed suit against Menards over allegations that it engaged in unlawful price fixing and false advertising.
The Department said that Menard, which operates in 21 countries, had violated the False Advertising and False Representation statutes by selling products at artificially low prices.
The lawsuit also alleged that Menands prices were artificially inflated to make it appear as if its competitors were selling lower prices.
This was not the first time that the DOJ had issued a complaint against Menard.
In May, the department accused the company of price fixing for about $500 million in sales, which Menards disputes.
The company’s response to the complaint is expected to be released on Friday.
Menards also filed a similar lawsuit against Kroger in August, alleging that the retailer had manipulated prices for its products and was manipulating its own supply chain to manipulate sales.
The DOJ did not immediately respond to a request for comment on the new lawsuit.
Earlier this year , Menards was hit with a $1 billion class-action lawsuit from former employees, and its shares are currently trading at about US$40.50.
The new lawsuit is filed on behalf of those employees and seeks to hold Menards accountable for what it has done to the company’s reputation.