Tag: $Kroger

Kroger on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as value-conscious shoppers prioritize staples such as fresh fruits and vegetables.

Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company’s chief financial officer, effective April 3.

A federal district court judge in Oregon has issued a preliminary injunction blocking Kroger’s planned acquisition of Alberstons, in a deal valued at more than $24 billion. The suit was brought by the Federal Trade Commission, eight states, and the District of Columbia.

Kroger Co.’s stock rose 1% premarket Thursday, after the grocery chain beat profit estimates for the second quarter to offset sales that fell slightly short.

Kroger Co.’s stock rose 2.5% early Thursday, after the grocery chain posted better-than-expected fiscal first-quarter earnings and backed its guidance.

Kroger on Friday said it has agreed to pay $1.2 billion to U.S. states, subdivisions and Native American tribes to settle the majority claims that it fueled the opioid epidemic through lax oversight of its pill sales.