by Mike Duff | Oct 15, 2024 | Retail Articles
As its merger with The Kroger Cos. continues to face opposition from the United States government, Albertsons beat Wall Street estimates on earnings and revenues, as identical sales gained. Net income was $145.5 million, or 25 cents per diluted share, compared to...
by Mike Duff | Jul 23, 2024 | Retail Articles
For the first quarter, Albertsons Cos. narrowly missed an earnings estimate but beat one on revenues as the company keeps operating as it pursues its merger with The Kroger Co. The merger has experienced opposition from the United States Federal Trade Commission but...
by Mike Duff | Jun 20, 2024 | Retail Articles
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...
by Mike Duff | Mar 8, 2024 | Retail Articles
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...
by Mike Duff | Feb 14, 2024 | Retail Articles
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...
