The drama is heating up over Kroger's planned merger deal. It reports this week
Higher grocery prices have worn out consumers and cramped their spending elsewhere. Over the past two years, they've been a flash point in the debate over how much companies took advantage of 2022's spike in costs to simply keep charging shoppers and pad profits. This year, they've become a core election-season issue.
What You Need to Know Ahead of Kroger's Earnings
Kroger (KR) reports its latest financial results Thursday morning, with the grocery giant in the midst of legal battles with regulators over its proposed $24.6 billion merger with Albertsons (ACI). The Federal Trade Commission (FTC) has said the deal will lead to less competition and higher prices in the grocery sector.
Kroger: Navigating Uncertainties With Attractive Valuation
The merger with Albertson's is a good opportunity for the company to reach a significant scale and increase its competitiveness. The company has a good financial performance and possible synergies can be created after the deal is closed. The company's current valuation is compelling, especially if compared to its peers.
The U.S. Wants to Stop the Kroger-Albertsons Merger. A History of Supermarkets Under Attack.
The combined companies would have less market share than Walmart, the nation's top grocer these days.
A Kroger exec reportedly testified that the supermarket giant raised prices of milk and eggs beyond inflation costs
A Kroger executive reportedly testified that the company raised milk and egg prices beyond inflation. The testimony comes amid a legal battle over Kroger's proposed $24.6 billion merger with Albertsons.
Wall Street Analysts See Kroger (KR) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Kroger (KR) Increases Despite Market Slip: Here's What You Need to Know
In the closing of the recent trading day, Kroger (KR) stood at $52.77, denoting a +1.58% change from the preceding trading day.
Kroger and Albertsons merger heads to federal court. Here's what to know
The largest proposed grocery store merger in U.S. history is going to court.
Kroger and Albertsons defend merger plan in federal court against FTC's objections
PORTLAND, Ore. — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed.
Kroger and Albertsons Confront a Skeptical F.T.C. in federal court
The Federal Trade Commission, which is trying to block Kroger's plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers' pay and benefits.
Kroger-Albertsons merger heads to trial
The FTC lawsuit to block the Albertsons-Kroger merger went to trial on Monday, with the agency arguing the deal undermines competition and the companies saying it will help consumers.
Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks off
e asking the judge to let the deal proceed, saying the tie-up is necessary to compete with multinational corporations like Walmart.
