Federal health officials have linked a listeria outbreak that hospitalized 10 people to a California-based food producer, prompting a voluntary recall of ready-to-eat products across four western states.
Kroger is a best-of-breed supermarket operator that has margin expansion during high inflation and a revenue jump during recessions as consumer eat more at home
Johnson & Johnson and Albertsons Companies' stock have provided a pleasant hedge against market volatility, with the S&P 500 and Nasdaq remaining near correction territory.
Albertsons (NYSE: ACI) posted strong Q4 sales but weak margins. Revenue reached $18.80 billion, topping estimates, driven by a 2.3% rise in identical sales and 24% digital growth. Despite the sales beat, operating income plunged 35%. For FY25, the grocer expects EPS to be below the analyst forecasts.
Albertsons (ACI) to report in-line quarterly results and healthy comps for 2025, according to Telsey Advisory Group. Analyst reaffirms Outperform rating and $26 target.
See these three stocks that were the biggest buyback spenders outside of the tech sector in Q4 2924. One plans to spend $40 billion on buybacks through 2026.
Investors weren't exactly wrong to be excited about the companies trying to make meal kits and plant-based meat cool. But they sure haven't made any money from those bets. So...what went wrong?
Kroger has filed counterclaims in the Delaware Court of Chancery, accusing Albertsons of sabotaging their merger by secretly collaborating with C&S Wholesale Grocers. Kroger argues Albertsons misled regulators, leading to the merger's collapse, and is seeking compensation for lost resources and damages from the failed deal.
Kroger and Albertsons stock have hovered near 52-week highs, with both acting as a defensive hedge against recent market volatility. They are certainly worth consideration in regards to defensive safety in the portfolio amid macroeconomic concerns.
Morris will replace Vivek Sankaran, who has led the company for nearly six years and played a key role in its attempted merger with Kroger, which the Federal Trade Commission ultimately blocked.
