Kroger Co. saw its stock price surge 6% after the company posted better-than-expected profit results for the second quarter. Despite an economic environment marked by cautious consumer spending, even among more affluent customers, Kroger’s adjusted earnings per share (EPS) reached $0.93, exceeding analyst predictions of $0.91. However, its diluted EPS came in at $0.64, and […]
Kroger acquisition of Albertsons : Supermarket chain Kroger has agreed to acquire American food and drug retailer Albertsons Companies (Albertsons Cos.) for a price of around $24.6 billion, which includes the assumption of around $4.7 billion of the latter’s net debt. Both the American retailers are listed on the New York Stock Exchange (NYSE). As […]
US grocery retailer Kroger in partnership with online grocery retailer Ocado as started construction on a high-tech customer fulfillment center in Monroe, Ohio. Kroger will be injecting $55 million for the construction of its first shed spread over 335,000sft and expected to create over 400 new jobs. The new Kroger customer fulfillment center in Monroe […]