The Latest Breaking News from Kroger

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

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…

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

[Supermarket scorecards] allow us to compare how supermarkets are performing relative to each other”

Three recent analyst ratings go beyond the consensus, making them a much more significant move for Wall Street analysts to consider.

U.S. stocks traded mixed this morning, with the Dow Jones index falling around 50 points on Thursday.

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

December S&P 500 E-Mini futures (ESZ24) are down -0.05%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.13% this morning, taking a breather after yesterday’s rally, while investors turned their attention to U.S. jobless claims numbers due later today and key non-farm payrolls data scheduled for Friday.

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