Kroger Issues Statement on FTC Decision to Block Proposed Merger with Albertsons Companies
KRKroger(KR) Prnewswire·2024-02-27 01:39

CINCINNATI, Feb. 26, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today issued the following statement: Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to serve: America's consumers and workers. Kroger's business model is to take costs out of the business and invest in lowering prices for customers. Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5% reduction in ...