Kroger Posts Revenue Beat, Halts Stock Buybacks as It

Jun 20, 2024 · Kroger posted first-quarter revenue that beat estimates and said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion purchase of Albertsons.

CouponFollow Extension

$24
OFF

Kroger Posts Revenue Beat, Halts Stock Buybacks As It

2 weeks from now

Jun 20, 2024 · Kroger posted first-quarter revenue that beat estimates and said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion purchase of Albertsons.

investopedia.com

$7
OFF

Kroger's $7.5B Buyback Gamble: What Investors Need To Know …

2 weeks from now

15 hours ago · Kroger (NYSE:KR) just hit the market with a $7.5 billion bombshell, announcing a massive stock buyback program after officially pulling the plug on its $24.6 billion Albertsons …

yahoo.com

3%
OFF

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For

2 weeks from now

Dec 5, 2024 · Kroger's Q3 sales of $33.63B missed estimates, but identical sales excluding fuel rose by 2.3%. The company narrows FY24 EPS guidance to $4.35-$4.45 and pauses share …

benzinga.com

4%
OFF

Kroger Gains After Q4 Bottom-Line Beat; Pauses Share Buyback …

2 weeks from now

Mar 2, 2023 · Kroger Co (NYSE: KR) reported fourth-quarter FY22 sales growth of 5.4% year-on-year to $34.82 billion, missing the consensus of $34.91 billion. Identical Sales without fuel …

yahoo.com

$7
OFF

Kroger's $7.5B Buyback Gamble: What Investors Need To Know After

2 weeks from now

Kroger (KR, Financial) just hit the market with a $7.5 billion bombshell, announcing a massive stock buyback program after officially pulling the plug on its $24.6 billion Albertsons …

gurufocus.com

$7
OFF

Kroger Launches $7.5B Stock Buyback After Merger With Albertsons …

2 weeks from now

Kroger (NYSE:KR) on Wednesday announced a $7.5B stock buyback in the wake of its terminated merger with Albertsons (NYSE:ACI). The new buyback plan replaces the …

msn.com

$24
OFF

Kroger Stock Buybacks Resume After Albertsons Megamerger …

2 weeks from now

2 days ago · Albertsons sued prospective partner Kroger on Wednesday, a day after a district judge blocked Kroger's $24.6 billion takeover of the smaller grocery peer. Late Wednesday, …

yahoo.com

$73.00
OFF

Kroger (NYSE:KR) Price Target Raised To $73.00 - MarketBeat

2 weeks from now

2 days ago · As a group, sell-side analysts expect that Kroger will post 4.45 earnings per share for the current year. Kroger Stock is a Win-Win for Buy-and-Hold Investors; Kroger announced …

marketbeat.com

$33.63
OFF

The Kroger Co. (NYSE:KR) Shares Purchased By Groupama

2 weeks from now

3 days ago · The business had revenue of $33.63 billion for the quarter, compared to analysts' expectations of $34.19 billion. During the same quarter last year, the company posted $0.95 …

marketbeat.com

$25
OFF

Albertsons Sues Kroger, Terminates $25 Billion Merger - San.com

2 weeks from now

3 days ago · Albertsons claims Kroger didn’t do what was necessary to get regulatory approval for the deal. “Albertsons is seeking billions of dollars in damages from Kroger to make Albertsons …

san.com

9%
OFF

Geode Capital Management LLC Has $914.80 Million Holdings In …

2 weeks from now

2 days ago · This buyback authorization authorizes the company to reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the …

marketbeat.com

FAQs about Kroger Posts Revenue Beat, Halts Stock Buybacks as It Coupon?

Why did Kroger announce a $7.5 billion buyback program?

Kroger (NYSE:KR) just hit the market with a $7.5 billion bombshell, announcing a massive stock buyback program after officially pulling the plug on its $24.6 billion Albertsons merger. The failed deal, blocked by U.S. courts over antitrust concerns, ends a two-year saga that could've reshaped the grocery business. ...

Does Kroger have a buyback plan?

Kroger (NYSE: KR) on Wednesday announced a $7.5B stock buyback in the wake of its terminated merger with Albertsons (NYSE: ACI). The new buyback plan replaces the company's existing $1 billion authorization, which was approved in September 2022, and includes an "accelerated share repurchase" agreement to buy back about $5 billion in stock. ...

Are Kroger shares up 2%?

KR shares are up nearly 2% in the afterhours of trading on the NYSE. Kroger (NYSE:KR) on Wednesday announced a $7.5B stock buyback in the wake of its terminated merger with Albertsons (NYSE:ACI). ...

Why did Kroger buy back $150 billion in 2023?

CEO Rodney McMullen framed the buyback as a strategic move to drive shareholder value, citing Kroger's $150 billion in 2023 sales and its dominant omnichannel model as reasons for optimism. The company says it's still investing heavily in wages, digital expansion, and store upgrades, even as it shifts focus to boosting returns. ...

Why did Kroger stock rise Tuesday?

Shares of grocer Kroger finished Tuesday higher, rising in afternoon trading on the news that a court blocked its planned merger with Albertsons. The ruling temporarily halts the merger, allowing the FTC to conduct administrative proceedings that will decide its final outcome. ...

Why did Kroger's stock jump over 24% in pre-market trading?

They're loving it. Kroger's stock jumped over 2.4% in pre-market trading, signaling confidence in the company's pivot. CEO Rodney McMullen framed the buyback as a strategic move to drive shareholder value, citing Kroger's $150 billion in 2023 sales and its dominant omnichannel model as reasons for optimism. ...