Kroger Posts Revenue Beat, Halts Stock Buybacks as It Seeks Approval of Albertsons Deal
Kroger(KR) Investopedia·2024-06-21 00:11
Key Takeaways Kroger reported revenue for the first quarter that beat analysts' estimates. The supermarket chain also reiterated its full-year guidance. Kroger said it would pause stock buybacks as it works to get regulatory approval of its 24.6 billion acquisition of rival Albertsons (ACI). Shares initial ...