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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.
Kroger Turns In Solid Quarter
Kroger’s Q3 ID Sales Edge Up, But Total Company Sales Down
The sale of its specialty pharmacy business lowered Kroger's total company sales in Q3 by about $340 million, compared with the same period last year, and annualized sales will be around $3 billion lower going forward.
Kroger Turns In Solid Quarter, but Lower Fuel Sales Weigh
Sales at Kroger fell from a year ago as the grocery store chain grappled with lower fuel prices. For its third quarter, the company reported adjusted earnings of 98 cents a share, beating the consensus call for 97 cents among analysts tracked by FactSet.
Kroger: Lower Fuel Prices Ding Q3 Sales
Kroger reported mixed earnings for Q3 2024, with increased private label sales but lagging total revenue. Grocery retailing giant Kroger ( KR -0.10%) reported third-quarter earnings on Thursday, Dec 5,
5h
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 ...
Daily Reporter
19h
Kroger trims outlook for profit, sales amid uncertain economy
Kroger
Co. narrowed its annual outlook and reiterated confidence in its acquisition of rival
Albertsons
Cos. being ...
1d
Kroger, Albertsons sued by union worker in Colorado class-action case
The lawsuit is in addition to three pending cases seeking to halt Kroger's planned $24.6 billion acquisition of Albertsons.
grocerydive
2d
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 ...
5h
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.
9d
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 ...
3d
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" ...
Drug Store News
6h
Kroger reports Q3 results
Kroger’s sales were $33.6 billion in the third quarter, compared to $34 billion for the same period last year.
1d
on MSN
Jefferies upgrade supermarket chain Kroger to 'buy"
Jefferies has upgraded Kroger Company (NYSE:KR) to "buy," as it views the grocery chain’s valuation would grow regardless of ...
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