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Kroger Results Mostly Weaker Than Estimates
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 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 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.
13h
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 ...
19h
Kroger is prepared to go it alone if Albertsons deal falls through, chief executive says
We’ve always made sure that we don’t need to do mergers to make our business successful,” President and CEO Rodney McMullen ...
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 ...
11h
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 ...
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.
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" ...
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 ...
Business Insider
1d
Kroger CEO: Q3 led by pharmacy and digital performance
We are committed to closing this merger because bringing
Kroger
and
Albertsons
together will provide meaningful and measurable benefits – lower prices, secure jobs and expanded access to fresh, ...
16h
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 ...
17h
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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