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The Latest Breaking News from Albertsons

Stocks Flashing Renewed Technical Strength: Albertsons

Albertsons shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 76 to 82.

Investors Business Daily

Kroger Stock Pops Into Buy Range On Earnings Beat

The Kroger earnings report showed a less-than-feared decline. Kroger stock jumped as online grocery sales grow double digits.

Investors Business Daily

Time To Take Profit In Costco Stock? Rivals BJ And Kroger Soar.

The mixed Costco earnings report followed better-than-feared earnings from BJ's Wholesale Club and Kroger.

Investors Business Daily

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Kroger CEO resigns over ‘personal conduct’ after four decades at grocery chain

Kroger said the alleged misconduct had nothing to do with its financials and did not involve any other Kroger employees

The Independent UK

Kroger CEO resigns from $150 billion grocery chain over ‘certain personal conduct’, forfeiting 2024 bonus

Kroger’s board announced it had convened an independent investigation that ultimately led to McMullen’s departure.

Fortune

Quick Facts About Rodney McMullen: Net Worth, Resignation, Family, Lawsuits and More

Rodney McMullen, former CEO of Kroger, resigned following an internal investigation, leaving behind a legacy of leadership, controversy over a failed merger, and a £5.9 billion stock buyback dispute.

International Business Times UK

Analysts: Buy These 3 Stocks to Benefit as RFK Jr. Promises to ‘Make America Healthy Again’

Evolving health policies seem poised to transform the retail landscape, making Kroger, Amazon, and Albertsons intriguing long-term plays.

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Grocery giants reshuffle post-merger

Albertsons has announced plans to cut $1.5 billion in spending over the next three years

Salon

Kroger hires PepsiCo exec for CFO role as grocery battles heat up

Traditional supermarkets like Kroger must compete with mass merchandise and warehouse club channels, says a Morningstar analyst.

Fortune

Ten thousand Kroger-owned grocery store workers strike in Colorado

Two-week strike begins as union for King Soopers alleges surveillance of workers and pushes to gut health benefits

The Guardian - US

Is Albertsons Companies a Grocery Stock Worth Adding to Your Portfolio?

Albertsons Companies (ACI) is one of the largest food and drug retailers, and amid the dynamic market and evolving consumer needs, ACI’s strong market position, outstanding financials, product portfolio expansion, and innovations position it for unprecedented growth. So, let’s analyze whether it would be wise to invest in this stock.…

StockNews.com

"Willful breach": Albertsons sues Kroger

Albertsons has accused Kroger of sabotaging their $25 billion deal

Salon

Kroger-Albertsons Merger Halted by the Federal Trade Commission

The Federal Trade Commission's antitrust action does not benefit grocery shoppers.

Reason

What’s next for Albertsons after calling off its $25B grocery merger with Kroger: More lawsuits

Albertsons announced on Dec. 11, 2024, that it had called off an attempted merger with Kroger and would sue Kroger for breach of contract. The US$25 billion deal, first announced in 2022, would have combined Cincinnati-based Kroger, already the largest traditional U.S. supermarket chain, with Boise, Idaho-based Albertsons, which is…

The Conversation

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The Street

Kroger, Albertsons prep defenses, announce plans after merger collapses

This is what could happen next to shares of Kroger and Albertsons.

International Business Times

Food Fight: $25 Bn US Grocery Deal Falls Apart

A proposed $25 billion supermarket mega-merger disintegrated Wednesday in bitter recriminations between Albertsons and would-be suitor Kroger following US court rulings blocking the deal.

The Independent UK

Albertsons sues Kroger for $600 million over failed grocery merger

Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 billion agreement

International Business Times UK

Here's Why The Kroeger Albertsons Merger Was Blocked And What It Means For Consumers

A federal judge blocked Kroger's £19.58B merger with Albertsons. The judge ruled the deal would harm consumers by reducing competition.

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news in one place.

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International Business Times

US Courts Block Kroger's $25 Bn Supermarket Mega-merger

Two US courts ruled against supermarket giant Kroger's planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.

Investors Business Daily

Kroger Pops To Record High: Buyback Bonanza After Megamerger Blow

The grocery giant announced new share purchases a day after judged blocked $24.6 billion acquisition. Kroger stock hit a high.

The Independent UK

Federal judge blocks grocery megamerger between Kroger and Albertsons over monopoly concerns

A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal

Benzinga

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook

Kroger pauses share buybacks for the Albertsons merger, misses Q3 sales estimates, and narrows its FY24 EPS guidance.

Benzinga

Cracking The Code: Understanding Analyst Reviews For Albertsons Companies

Albertsons Companies (NYSE:ACI) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

Salon

Kroger accused of strike sabotage

“These companies rigged the system against us, undermining our right to fight for better pay and fair treatment"

The Guardian - US

US grocery workers hit by rising prices: ‘We’re at the bottom of the food chain’

Food store employees grapple with fewer hours and inflation – and sound alarm at merger of two largest chains

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