by Mike Duff | Jan 9, 2024 | Retail Articles
Albertson Cos. sales gained while earnings slipped in its third quarter, but both results beat Wall Street estimates. Net income was $361.4 million, or 62 cents per diluted share, versus $375.5 million, or 20 cents per diluted share, in the year-prior quarter. Net...
by Mike Duff | Nov 30, 2023 | Retail Articles
Despite tighter consumer spending, Kroger stated that the flexibility of its business model helped the company navigate the third quarter when it topped a Wall Street estimate on earnings and revenue. Company net earnings were $646 million, or 88 cents per diluted...
by Mike Duff | Oct 17, 2023 | Retail Articles
As its acquisition by The Kroger Co. proceeds, Albertsons Cos. beat Wall Street second-quarter sales and earnings estimates despite a net income decline. Net income for the quarter was $266.9 million, or 46 cents per diluted share, versus $342.7 million, or 59 cents...
by Mike Duff | Sep 8, 2023 | Retail Articles
Kroger Co., still working to complete a merger with Albertsons Cos., reported sales slipped in its second quarter, while adjusted earnings gained to top a Wall Street estimate. Kroger and the Albertsons Cos., meanwhile, announced they entered a definitive agreement...
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...
