Reported 8 months ago
Kroger reported a revenue beat for the first quarter and announced a pause in stock buybacks as it seeks regulatory approval for its $24.6 billion acquisition of Albertsons. The supermarket chain's revenue increased to $45.27 billion, with digital sales and delivery options showing strong growth. Despite lower earnings per share, Kroger reiterated its full-year guidance and commitment to increasing dividends. Shares initially surged but later declined, influenced by regulatory challenges and market conditions.
Source: YAHOO