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 | Dec 2, 2022 | Retail Articles
As it continues to highlight its digital efforts, Kroger posted sales and earnings that exceeded Wall Street expectations. Company net earnings were $398 million, or 55 cents per diluted share, versus $483 million, or 64 cents per diluted share, in the year-before...
by Mike Duff | Oct 14, 2022 | Featured News, Retail Articles
The Kroger Co. and Albertsons Cos. have announced that they have entered into a definitive merger agreement a day after reports emerged about ongoing negotiations between the two companies. In a joint press release, the companies reported that the deal would merge two...
by Mike Duff | Sep 9, 2022 | Retail Articles
In the second quarter, Kroger saw across-the-board financial advances that exceeded expectations as the company continues to leverage technology, as in its robotic fulfillment centers using Ocado technology, and, as a consequence, omnichannel operations, and made...
by Mike Duff | Jun 16, 2022 | Retail Articles
Strong identical store sales helped propel The Kroger Co. to a Wall Street beat in the first quarter as the company continues expanding its digital operations. Company net earnings were $664 million, or 90 cents per diluted share, versus $140 million, or 18 cents per...
