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Kroger's stock surged to a near 2-year high following strong earnings, with forecasts indicating sales above market estimates. The company is defending its pursuit of an Albertsons buyout despite regulatory opposition. Kroger reported a diluted EPS of $1.01, adjusted diluted EPS of $1.34, revenue of $37.06 billion, and a 0.8% decline in identical sales without fuel.
Blocking Kroger and Albertsons merger looks clumsy | Opinion https://t.co/DyWNsS2MHy
Kroger $KR Earnings: - Diluted EPS of $1.01 - Adjusted Diluted EPS of $1.34 - Revenue of $37.06 billion - Identical Sales without fuel declined 0.8% Kroger Chairman and CEO Rodney McMullen said: “Kroger achieved strong 2023 results, in line with our long-term growth model and… https://t.co/WrV1ecrkAs
Kroger suggests it will defend Albertsons deal against regulatory opposition https://t.co/iFphwBpg0C
$KR (+5.0% pre) Kroger’s stock leaps to near 2-year high after profit beat, and indicates continued pursuit of Albertsons buyout - MW https://t.co/GIOL7HgiqK
Kroger shares near 2-year high after earnings outpace forecast https://t.co/fxMJNedoJQ
Kroger’s stock leaps to near 2-year high after profit beat, and indicates continued pursuit of Albertsons buyout https://t.co/MFid9X0QVH
⚠️ KROGER FORECASTS 2024 SALES LARGELY ABOVE MARKET ESTIMATES Full Story → https://t.co/Qjx9u9QBxV Kroger forecast annual sales largely above Wall Street estimates on Thursday, as demand for groceries at its stores ticks up with more consumers turning to cheaper, home-cooked… https://t.co/i8Cwd6xgpI
Kroger $KR rallying another 6% on strong earnings, timed it pretty well w/ 2/9 write-up and purchase Risk Reversals up massively, I laid out a path to $65/sh https://t.co/z8jjrJ8Ap4
Labor Markets and ‘No-Poach’ Agreements: FTC, Colorado AG Take Aim at Kroger-Albertsons Merger https://t.co/pPubZDV9OO
Kroger’s Earnings Are Coming. Merger Troubles Loom Large. https://t.co/NhAKzqFS2L
The FTC’s argument against the merger between Kroger and Albertsons is weak and contradictory. https://t.co/kx0yAXFxmm
The Federal Trade Commission (FTC) announced their intent to block the proposed merger between grocery giants Kroger and Albertsons, citing concerns about potential negative impacts on consumer prices and competition. @Cristina2News https://t.co/peCSjW3O2z
At a time when Americans already pay too much for groceries, the Kroger-Albertsons merger would risk raising prices even higher & reducing competition across the board — hurting consumers & workers while helping ultra-wealthy CEOs. Glad the FTC is working to block this merger.