Inflation and a slowing economy are making U.S. shoppers, even so-called higher-income consumers, look for more ways to save money, and that’s what helped grocery chain Kroger Co. beat fourth-fiscal-quarter profit expectations and provide a full-year outlook that was well above Wall Street forecasts. “The gap between food-at-home and food-away-from-home spending grew in the fourth…
Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” according to a statement released by the companies on Friday. Kroger Co. KR, -2.64% shares fell 3.18% before market open, while Albertsons Cos. Inc.’s ACI,…
U.S. stocks staged a massive turnaround on Thursday, ending a six day losing streak, after erasing an early plunge seen when the September consumer-price index came in higher than economists expected, reinforcing expectations the Federal Reserve will continue with large interest rate increases in coming months. What happened The Dow Jones Industrial Average DJIA, +2.83%…
Companies announce dividend increases all the time, but here’s one that points to a simple investing strategy that can lower your risk and make you a lot of money over the years. Maybe it isn’t so exciting on the surface: Kroger Co. KR, +1.51%, a supermarket operator, raised its quarterly dividend payout by quite a…
Two brands of organic strawberries sold at major chains such as Trader Joe’s and Walmart may be linked to an outbreak of hepatitis A, the Food and Drug Administration said. The FDA said in a statement Saturday that it is investigating a multistate outbreak of hepatitis A infections in the U.S. and Canada that appears to be linked to…