Earnings slipped at the The Kroger Co. in the first quarter but still beat analyst estimates as the company prepares to defend its proposed merger with Albertsons Cos. Company net earnings were $947 million, or $1.29 per diluted share, versus $962 million, or $1.32...
Albertsons Cos. released its fourth quarter and full-year earnings, while announcing a reconfigured joint plan of divestiture with C&S Wholesale Grocers related to the proposed Kroger and Albertsons merger. The updated divestiture proposal increases the total...
At a time when a pair of dynamics — more scrutiny of major retail operations by regulators and the growth of retail media — are impacting the marketplace, Walmart has notified two federal antitrust agencies it will withdraw and refile a certain review application...
In announcing fourth quarter financial results, Rodney McMullen, Kroger chairman and CEO, also defended the merger that the company is pursuing with Albertsons Cos., saying it will be good for households in the United States and for employees as well. Company net...
The United States Federal Trade Commission announced it is suing to block the Kroger Co.’s $24.6 billion acquisition of the Albertsons Cos. claiming the deal is anticompetitive. Kroger immediately answered with a statement saying blocking the merger would actually...
