Kroger (KR) shares dip after missing revenue expectations
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Kroger and Albertsons Companies Announce Comprehensive Divestiture Plan with C&S Wholesale Grocers, LLC in Connection with Proposed Merger
September 8, 2023 8:14 AM EDTPlan Marks Key Step in Merger Process
Both the Kroger and Albertsons Cos. Combination and the Divestiture Sale to C&S will Create Meaningful and Measurable Benefits for Associates, Customers and Communities
Agreement with C&S Includes Sale of 413 Stores, 8 Distribution Centers,
2 Offices and 5 Private Label Brands Across 17 States and the District of Columbia
Extending a Well-Capitalized... More
Kroger Reports Second Quarter 2023 Results and Reaffirms Guidance
September 8, 2023 8:00 AM EDTSecond Quarter Highlights
Identical Sales without fuel increased 1.0% with underlying growth of 2.6%(1)Operating Loss of ($479) million; EPS of ($0.25)Includes a $1.4 billion charge ($1.54 loss per share) for nationwide opioid settlement frameworkAdjusted FIFO Operating Profit of $989 million; Adjusted EPS of $0.96Achieved strong Adjusted Free Cash Flow leading to a record low net total debt to adjusted EBITDA ratioExecuted its go-to-market strategy to deliver value for customersGrew digital sales... MoreKroger Reaches Agreement in Principle for Nationwide Opioid Settlement
September 8, 2023 7:55 AM EDTCINCINNATI, Sept. 8, 2023 /PRNewswire/ -- The Kroger Co. (NYSE: KR) has reached an agreement in principle with plaintiffs to settle the majority of opioid claims that have been or could be brought against the Company by states, subdivisions, and Native American tribes.
... More
