Investors weren't exactly wrong to be excited about the companies trying to make meal kits and plant-based meat cool. But they sure haven't made any money from those bets. So...what went wrong?
Kroger has filed counterclaims in the Delaware Court of Chancery, accusing Albertsons of sabotaging their merger by secretly collaborating with C&S Wholesale Grocers. Kroger argues Albertsons misled regulators, leading to the merger's collapse, and is seeking compensation for lost resources and damages from the failed deal.
Kroger and Albertsons stock have hovered near 52-week highs, with both acting as a defensive hedge against recent market volatility. They are certainly worth consideration in regards to defensive safety in the portfolio amid macroeconomic concerns.
Morris will replace Vivek Sankaran, who has led the company for nearly six years and played a key role in its attempted merger with Kroger, which the Federal Trade Commission ultimately blocked.
Albertsons Companies announces CEO Vivek Sankaran's retirement on May 1, 2025, with Susan Morris set to succeed him. Morris, with nearly 40 years in the grocery retail sector, will also join the Board of Directors.
Kroger (KR) is a leading retail grocery company. The company is leveraging AI-driven tracking to optimize sales and shipments, with further plans to enhance sales forecasting and inventory control.
Egg prices in the U.S. have risen 60% over the past year, due in large part to the bird flu ravaging commercial flocks. Here's a look at why experts see the prices continuing to climb.
Albertsons Companies reported a 1.2% increase in sales for Q3, totaling $18.774 billion, slightly missing estimates. Identical sales grew 2%, with pharmacy sales driving growth. Despite an 8% drop in operating income, adjusted EPS of $0.71 beat expectations.
