Albertsons Companies 'A'

Albertsons is seeking roughly $8 billion from Kroger in court filings ahead of an Oct. 19 trial in Delaware, alleging Kroger failed to use “best efforts” to secure regulatory approval for their proposed $24.6 billion merger. Kroger rejects the claim, saying it acted in good faith and that the FTC’s objections required divestitures beyond the agreed limit. Albertsons seeks the lost merger premium (estimated at $5.43–$6.88 billion), tax compensation, interest and costs, while also withdrawing fiscal 2026 guidance and launching a business review after weaker same-store sales. » Mere på forbes.com

Analyst consensus expects EPS for the past quarter of $0.333, an increase of 11.0% from $0.300 a year earlier. The revenue estimate averages $18.87 billion, slightly below last year’s $18.92 billion. For the fiscal year, analysts forecast a mean EPS of $1.80 and revenue of $81.83 billion versus $0.40 and $83.17 billion in the prior year. » Mere på finanzen.net

Albertsons has named Meg Whitman to the newly created role of executive chair; the board will expand from ten to eleven members, and Kim Fennebresque will serve as lead independent director. Whitman will act as an operational and strategic adviser to CEO Susan Morris and the leadership team, with a focus on AI technologies and the customer experience in stores and digital channels. Whitman previously served as CEO of eBay and Hewlett‑Packard and brings extensive board and executive experience. » Mere på de.investing.com