by Mike Duff | Jun 15, 2023 | Retail Articles
As it continues working toward a merger with Albertsons Cos., the Kroger Co. posted earnings that beat a Wall Street estimate even as revenues came up a bit short. Company net earnings were $962 million, or $1.32 per diluted share, compared to $664 million, or 90...
by Mike Duff | May 19, 2023 | Retail Articles
As it works to complete its merger with The Kroger Co., Albertsons Cos. has announced that Tom Moriarty will join the company as executive vice president and general counsel, effective June 5. Prior to accepting the Albertsons position, Moriarty served at CVS Health,...
by Mike Duff | Apr 12, 2023 | Retail Articles
In the Market Force Information Grocery Ranking 2023, Wegmans was most often cited as a Best in Class food retailer by survey respondents, at 76%, followed by H-E-B, a close second at 73%. Publix got a 61% best-in-class citation rate, followed by Trader Joe’s, at 52%,...
by Mike Duff | Apr 11, 2023 | Retail Articles
As it awaits a merger with The Kroger Co., Albertsons continues to advance, posting sales and adjusted earnings gains above expectations. Net income was $311.1 million, or 54 cents per diluted share, versus $455.1 million, or 79 cents per diluted share, in the...
by Mike Duff | Apr 3, 2023 | Retail Articles
As the company continues expanding its robotic and AI-driven delivery service to cities across the United States, The Kroger Co. has announced the official opening of a new store in Austin, TX. Spoke facilities work to extend the reach of Kroger customer fulfillment...
