Kroger and Albertsons are fighting it out in court, blaming the other for which caused their proposed $25 billion merger to fail. A federal judge blocked the merger in December.
U.S. grocery chain Kroger countersued rival Albertsons on Tuesday, escalating a legal fight between the two companies following the demise of their proposed $25 billion merger that was blocked by courts.
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Kroger had big merger plans. Now that those are off, one research team says the grocery chain needs to stack its team with people who can help Kroger (KR) contend with Walmart (WMT).
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Shares of Kroger Co KR rose in early trading on Friday after the company reported upbeat fourth-quarter earnings.
Kroger (KR) and Albertsons (ACI) stock have hovered near 52-week highs with both acting as a defensive hedge against recent market volatility.
Kroger saw growth in digital sales, employees' use of artificial intelligence (AI) tools and the benefits of personalization during its fourth quarter, which ended Feb. 1, executives said Thursday (March 6) during the grocery giant's quarterly earnings call. The company saw 11% growth in digital sales during the fourth quarter, outpacing its 2.
The Kroger Co. (NYSE:KR ) Q4 2024 Earnings Call Transcript March 6, 2025 10:00 AM ET Company Participants Robert Quast - VP, IR Ron Sargent - Interim CEO Todd Foley - Interim CFO Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Rupesh Parikh - Oppenheimer Ed Kelly - Wells Fargo Ken Goldman - JPMorgan Karen Short - Melius Research Chuck Cerankosky - Northcoast Research Krisztina Katai - Deutsche Bank Joe Feldman - Telsey Advisory Group Kelly Bania - BMO Operator Good morning, and welcome to The Kroger Co. Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.