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Kroger Results Mostly Weaker Than Estimates
Kroger might give merger ambitions a rest if Albertsons deal fails
Removing fuel from the equation, Kroger enjoyed identical sales growth of 2.3%, the retailer reported. Poor performance from the grocery giant’s gas stations was offset by strong pharmacy and digital sales, Chief Financial Officer Todd Foley said in the earnings call.
Kroger Results Mostly Weaker Than Estimates as Albertsons Deal Remains Uncertain
Kroger (KR) shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates. The company reported $33.63 billion in revenue, below the $34.22 billion expected by analysts polled by Visible Alpha.
Kroger CEO on the Albertsons merger, customers capacity to spend
Rodney McMullen, Kroger chairman and CEO, joins 'Money Movers' to discuss McMullen's thoughts on the proposed merger with Albertsons, if there are any regrets about the pursuit of acquisition, and much more.
1d
Kroger CEO McMullen gives Albertsons acquisition update, explains future plans
Kroger also posted 3Q earnings Thursday that matched estimates. CEO Rodney McMullen talked at length about several key growth ...
10d
on MSN
“No-poach” deal by Kroger, Albertsons undercut union in 2022 grocery strike, lawsuit says
Grocery chain rivals King Soopers and Albertsons cut a no-compete agreement in a 2022 Colorado strike that hurt the union’s ...
4h
Kroger Stock Is Cheap As It Dips In Post-Earnings Period
Value investing in The Kroger Co. remains strong, despite mixed Q3 results, with shares up 8.2% since September and 201% ...
4d
on MSN
"Corporate abuse": Kroger and Albertsons are in hot water over alleged strike sabotage
These companies rigged the system against us, undermining our right to fight for better pay and fair treatment" ...
1d
Kroger 3Q Profit Hit By Merger Costs, Opioid Litigation
Kroger said its third-quarter profit was hit by costs from its proposed tie-up with Albertsons and settlements related to the opioid crisis.
ProgressiveGrocer
9d
Class Action Filed Against Kroger, Albertsons Over No-Poach Agreements
A recently filed class action alleges that banners of Kroger and Albertsons in Colorado made no-poach agreements regarding ...
Boise dev
11d
Kroger again pushes key Albertsons milestone as three judges deliberate deal
Kroger still hopes to buy Albertsons. But for all the interested parties, it’s a lot of wait-and-see. Today, Kroger announced ...
1d
Kroger tops sales estimates on higher demand for fresh, cheaper groceries
Kroger topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its ...
1d
Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook
Kroger Company (NYSE:KR) shares are trading lower in the premarket session on Thursday. The company reported third-quarter ...
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