Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading.
reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading.
The company said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes to settle the majority of opioid claims brought against it by the states and Native American Tribes.in a $25-billion deal, were down 1.8% in premarket trade, after its quarterly same-store sales missed market expectations.
Lower-income shoppers, who have tightened their budgets to adapt to dwindling food-stamp benefits and higher borrowing costs, are now seeking cheaper household items and groceries. In response, retailers have offered higher discounts on consumer packaged goods, further weighing on margins.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Kroger, Albertsons plan to offload over 400 stores for close to $2 bln-sourcesKroger Co and Albertsons Cos Inc are nearing a deal they hope will secure U.S. regulatory clearance for their proposed $24.5 billion merger, by selling more than 400 grocery stores to C&S Wholesale Grocers for nearly $2 billion, according to people familiar with the matter.
Leer más »
Kroger, Albertsons in talks to sell hundreds of stores, some in California, to supply giant C&SThe grocery chains said in October that they would spin off 100 to 375 stores if they couldn’t find buyers for them.
Leer más »
What does a Kroger groundbreaking look like in 103 degrees?Kroger got inventive when it wanted to gather a crowd of city and chamber officials in Melissa for the groundbreaking of its 123,000-square-foot store.
Leer más »
Kroger and Albertsons looking to sell 400 stores to wholesale grocery company, report saysGrocery giants Kroger and Albertsons – the respective parent companies of King Soopers and Safeway – are reportedly in the midst of negotiating an almost $2 billion deal with C&S Wholesale Groc…
Leer más »
Kroger, Albertsons in talks to sell hundreds of stores, some in California, to supply giant C&SThe grocery chains said in October that they would spin off 100 to 375 stores if they couldn’t find buyers for them.
Leer más »
Kroger's quarterly same-store sales miss estimates By ReutersKroger's quarterly same-store sales miss estimates
Leer más »