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Albertsons Details Cost-Cutting Plans
Albertsons CEO unveils plan to compete with Walmart and Costco after $24.6 billion Kroger meltdown
Albertsons cites GLP-1s and AI as sources for optimism amid inflationary headwinds.
Albertsons Details Cost-Cutting Plans After Failed Kroger Deal
Albertsons executives laid out plans to cut about $1.5 billion in costs over the next three years, speaking on the grocery store operator's first earnings call in more than two years. Last month a [fe
Albertsons raises profit guidance after dropping Kroger deal
Albertsons hosted a call with analysts Wednesday morning, the company’s first in more than two years when it agreed to combine with Kroger. That $24.6 billion deal ended late last year after a federal judge blocked it.
19h
on MSN
Albertsons Profits Top Estimates in First Quarter Since End of Kroger Merger
Shares of grocery retailer Albertsons (ACI) rose Wednesday morning after the company reported better third-quarter earnings ...
grocerydive
14h
Albertsons reports modest results as it looks ahead after failed merger
The grocer has “got to accelerate our growth rates to compete with the very, very best in the industry,” CEO Vivek Sankaran ...
11d
Once Seattle’s grocery darling, QFC in limbo after Kroger-Albertsons merger fails
The failure of the Kroger-Albertsons merger exposed serious problems at QFC, a leader in Seattle's grocery industry before it ...
14h
on MSN
Albertsons raises profit forecast as it moves on from Kroger
By Ananya Mariam Rajesh (Reuters) -Albertsons executives focused on moving on from its scuttled merger with Kroger on ...
15h
Albertsons Raises Outlook as 3Q Sales Rise -- Update
The Boise, Idaho, grocery chain reported net income of $400.6 million, or 69 cents a share, for the third quarter, up from $361.4 million, or 62 cents a share, a year earlier. Stripping out certain ...
6d
Kroger customer foot traffic is on the rise; here's what it means
CINCINNATI ( Cincinnati Business Courier) - More shoppers have been streaming into Kroger Co. stores than a year ago, a sign ...
International Supermarket News
4d
Kroger’s Next Steps After Merger Collapse: What’s in Store for 2025?
As the year unfolds, all eyes will be on Kroger’s Investor Day, where the company is expected to unveil its vision for the ...
Farmers' Advance
6d
Albertsons calls off merger after court rulings, suing Kroger 'for billions'
Albertsons announced it is pulling out of its plans to merge with Kroger, citing two court rulings barring the transaction.
grocerydive
5d
The Friday Checkout: 3 big grocery questions we have for 2025
The Friday Checkout is a weekly column providing more insight on the news, rounding up the announcements you may have missed ...
18h
on MSN
Albertsons lifts annual profit forecast, bets on pharmacy business, loyalty program
By Ananya Mariam Rajesh (Reuters) -Supermarket chain Albertsons raised its annual profit forecast on Wednesday, benefiting ...
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