Kroger, Albertsons say they'll divest even more stores if they merge. What about Idaho? [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
head off concerns from federal regulators about its proposed merger with Cincinnati supermarket chain Kroger, a direct competitor. The companies announced Monday that they plan to divest even more stores than previously announced to C&S Wholesale Grocers, a little-known grocery-supply firm that also oversees two retail supermarket chains in the South, Midwest and Northeast. Albertsons and Kroger said in September 2023 that they would sell 413 stores from both companies across 17 states and the District of Columbia to C&S under a sales agreement disclosed by the companies. But they've added 166 stores to the tally, bringing the total divestitures to 579 Albertsons and Kroger stores. While the updated agreement means more stores in Washington, Colorado and Oregon would be sold to C&S, it means three fewer Albertsons stores in Idaho would be sold. The companies initially said they would sell 13 Albertsons supermarkets in Idaho, one in every three in the Boise company's home state
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KR
News
- Trade watchdog: Big retailers used supply-chain problems to inflate grocery costs [Yahoo! Finance]Yahoo! Finance
- Kroger spending nearly $85 million to renovate several Dayton area stores [Yahoo! Finance]Yahoo! Finance
- Kroger (KR) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Kroger Makes Celebrating Mom even EasierPR Newswire
- The 2024 Milken Institute Global Conference Opens May 5, Convening Global Leaders to Discuss Strategies Aimed at Shaping a Shared Future [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website