Albertsons raises profit guidance
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." ...
The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal ...
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 ...
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