Albertsons

Procter & Gamble Co. , Netflix Inc. and Tesla Inc. highlight a busy coming week of earnings as persistent inflation and climbing interest rates stoke talk of a recession. About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, including American Express Co. and Verizon Communications Inc.,…

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022.Mike Segar | ReutersCheck out the companies making headlines in midday trading Friday.Albertsons — Shares of the Safeway owner dropped 7% on news that Kroger has agreed to purchase Albertsons in a deal valued at $24.6 billion, or $34.10 a share. Kroger's shares slipped 4.8%.JPMorgan Chase — The bank gained 2.8% after topping estimates for the…

Kroger — the parent company of King Soopers, the state’s largest grocery store chain headquartered in Denver – will merge with Albertsons in a move that will impact two of Colorado’s well-known retailers. The Friday announcement joins King Soopers and Safeway, which operates under Albertsons Companies Inc. Kroger, headquartered in Cincinnati, Ohio, and Albertsons, based in Boise, Idaho, are both industry heavyweights, qualifying as the nation’s two largest supermarket companies. Kroger will acquire Albertsons for almost…

Albertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesRival grocers Kroger and Albertsons on Friday announced plans to team up.The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had closed Thursday at $28.63 after surging on reports that a deal was imminent.Kroger is the second-largest grocer by market share in the United States, behind Walmart, and Albertsons is fourth, after Costco. Together, Kroger…

Kroger Co. KR 1.15% is in discussions with smaller rival Albertsons ACI 11.53% Cos. Inc. over a potential combination that could unite the two largest supermarket operators in the U.S., according to people familiar with the matter.Combining could give the companies greater scale as they compete against bigger retailers like Walmart Inc., WMT 0.85% the biggest seller…

Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC's David Faber.Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11% in afternoon trading. Kroger rose modestly. The all-cash acquisition may be announced as soon as Friday morning, sources told Faber.Kroger is the largest supermarket operator in the country with about two dozen banners, including Fred Meyer, Ralphs, King Soopers,…

By Michelle F. Davis, Ruth David, Ed Hammond and Crystal Tse, Bloomberg Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a US grocery giant, people familiar with the matter said. An agreement could be reached as soon as this week, the people said, asking not to be identified discussing confidential information. No final decisions have been made and talks could still be delayed or falter, according to the people. The exact structure and price of the deal couldn’t immediately be…

Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022.Hannah McKay | ReutersCheck out the companies making headlines in midday trading.Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 14.6%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned.Relmada Therapeutics — Shares of the biotech company plummeted 79.6% following an announcement…

In U.S. supermarkets, toilet paper and noodles are back in stock, but one prepandemic staple has yet to fully return: discounts.With food inflation running at the highest rate in more than 40 years, American shoppers are finding less relief from deals like “buy one, get one free” promotions, or 99-cent two-liter bottles of soda, according to supermarket executives and analysts. The frequency and depth of U.S. grocery-store discounts remain below 2019 levels, according to retailers, prompting grocers to run sales on less…

Restaurants are taking on grocery stores over value, contending that eating out can be a better deal than cooking at home.They have some recent data on their side. Consumer prices at grocery stores and restaurants increased 13.1% and 7.6%, respectively, year-over-year in July, according to the Labor Department—the biggest inflationary gap between grocery stores and restaurants since the 1970s. The unusual pricing dynamic has given ammunition to fast-food chains and sit-down restaurants, which are increasingly touting…