Albertsons beats profit, revenue expectations on strong demand for groceries
(Reuters) – Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly private label brands. Consumers in the U.S.…
Albertsons $4 billion dividend payment stays on hold as Washington court delays hearing
(Reuters) – Albertsons Companies Inc said on Wednesday its $4 billion dividend payment to shareholders will continue to remain on hold as a Washington state court postponed a scheduled case hearing to…
U.S. state attorneys general probing Kroger deal for Albertsons
WASHINGTON (Reuters) – A half dozen state attorneys general are digging into Kroger’s planned acquisition of rival grocery chain Albertsons, District of Columbia Attorney General Karl Racine said on Wednesday. The deal,…
Analysis-Kroger, Albertsons spin-off is extra ammunition in regulatory battle
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Kroger Co and Albertsons Cos Inc are willing to divest up to 650 supermarket stores to secure regulatory clearance for their $24.6…
Albertsons starts strategic review, shares rise
(Corrects headline to strategic “review”, from “options”) – Albertsons Cos Inc said on Monday it had started a review of potential strategic alternatives, including financial deals, nearly two years after the U.S.…
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