Albertsons Profits Top Estimates in First Quarter
Albertsons raises profit guidance after dropping Kroger deal
Albertsons Cos. raised its adjusted earnings outlook for the full year, a positive sign for the grocer seeking to pave a new path after its proposed deal with Kroger Co. fell apart. The nation’s second-largest supermarket operator now expects adjusted earnings per share in the range of $2.25 to $2.31, up from as much as $2.30 previously.
Nonetheless, the Federal Trade Commission (FTC) promptly began its investigation and filed suit under the FTC Act and Clayton Act in February 2024. Even if they merge, Kroger and Albertsons ...
A federal judge has ruled against Kroger’s $25 billion takeover bid ... Judge Adrienne Nelson decided the Federal Trade Commission's case to stop the deal was "likely to succeed." ...
Albertsons executives laid out plans to cut about $1.5 billion in costs over the next three years, speaking on the grocery store operator's first earnings call in more than two years. Last month a [fe ...
The case may now move to the Federal Trade Commission, although Kroger and Albertsons have asked a different federal judge to block the in-house proceedings. Colorado and Washington are ...
Key Takeaways Albertsons is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the ...
Albertsons announced it is pulling out of its plans to merge with Kroger, citing two court rulings barring the transaction.
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