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Kroger Co (NYSE: KR) reported second-quarter FY22 sales growth of 9.2% year-on-year to $34.64 billion, beating the consensus of $34.25 billion. Identical Sales without fuel increased by 5.8%.
Kroger said in a statement Monday that it’s committed to investing $500 million on cost reductions as soon as the merger closes, and cited its “long track record of reducing prices every year ...
America’s largest grocer Kroger Co (NYSE:KR) saw its stock get killed in mid-2017 after tech giant and retail killer Amazon.com, Inc. (NASDAQ:AMZN) gobbled up Whole Foods Market. Everyone was ...
In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion. [1] On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger. [2]
Kroger Co. (KR) stock may be a good choice for value-oriented investors right now from multiple angles.
en.wikipedia.org
Kroger's $24.6-billion acquisition of Albertsons is the largest proposed supermarket merger in U.S. history. The FTC sues, alleging the deal is anti-competitive.
Kroger (KR) closed the most recent trading day at $44.53, moving -1.13% from the previous trading session.