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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 ...
11h
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" ...
grocerydive
3d
Kroger prepares to close out a bumpy 2024
The grocer is finishing the year mired in uncertainty as its merger with Albertsons remains in question and it deals with ...
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 ...
1d
Kroger trims profit, sales outlook amid uncertain economy
The company pointed to an uncertain economic environment in saying adjusted earnings for this fiscal year will be as much as ...
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 ...
grocerydive
9d
Kroger, Albertsons gained upper hand with Colorado workers through unlawful pact, lawsuit claims
The union for the chains’ employees had a weaker hand in negotiating wages because Albertsons agreed not to poach its rival’s ...
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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