by Mike Duff | Jan 16, 2024 | Retail Articles
The Kroger Co., Albertsons Cos. and C&S Wholesale Grocers issued a statement updating status of the proposed Kroger/Alberstons merger and related agreements, with a United States Federal Trade Commission ruling on the transaction soon. According to the statement,...
by Mike Duff | Jan 9, 2024 | Retail Articles
Albertson Cos. sales gained while earnings slipped in its third quarter, but both results beat Wall Street estimates. Net income was $361.4 million, or 62 cents per diluted share, versus $375.5 million, or 20 cents per diluted share, in the year-prior quarter. Net...
by Mike Duff | Oct 17, 2023 | Retail Articles
As its acquisition by The Kroger Co. proceeds, Albertsons Cos. beat Wall Street second-quarter sales and earnings estimates despite a net income decline. Net income for the quarter was $266.9 million, or 46 cents per diluted share, versus $342.7 million, or 59 cents...
by Mike Duff | Sep 8, 2023 | Retail Articles
Kroger Co., still working to complete a merger with Albertsons Cos., reported sales slipped in its second quarter, while adjusted earnings gained to top a Wall Street estimate. Kroger and the Albertsons Cos., meanwhile, announced they entered a definitive agreement...
by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
