Beset with criticism and regulatory scrutiny about the possibly anti-competitive results of a merger with Albertsons Co., The Kroger Co. is answering with a declaration of how the company lowered prices after previous mergers. Kroger stated it has invested to lower...
Longtime Costco CFO Richard Galanti is stepping down in March, to be replaced by Gary Millerchip, who has been chief financial officer at The Kroger Co. According to Costco, Galanti will remain with the company through January 2025 as an advisor and continue serving...
Despite tighter consumer spending, Kroger stated that the flexibility of its business model helped the company navigate the third quarter when it topped a Wall Street estimate on earnings and revenue. Company net earnings were $646 million, or 88 cents per diluted...
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...
As it continues working toward a merger with Albertsons Cos., the Kroger Co. posted earnings that beat a Wall Street estimate even as revenues came up a bit short. Company net earnings were $962 million, or $1.32 per diluted share, compared to $664 million, or 90...
