Kroger Responds to Albertsons’ Lawsuit, Files Counterclaims

Kroger has announced that it has filed its formal answer and counterclaims in response to Albertsons' lawsuit, which was brought before the Delaware Court of Chancery following the termination of the proposed merger.

On December 11, 2024, Albertsons called off its bid to merge with Kroger after a two-year effort, subsequently filing a suit alleging breach of contract in connection with the collapse of the deal. 

Today, Kroger issued a statement revealing that it had filed its answer and counterclaims. The company asserts that while it was diligently working to secure regulatory...

Albertsons Appoints Susan Morris as CEO Successor, Reaffirms Fiscal 2024 Outlook

Albertsons Companies has announced a succession plan following the planned retirement of its CEO, Vivek Sankaran, effective May 1. The company has appointed Susan Morris to succeed Sankaran and join the Board of Directors.

Morris, a 40-year veteran of the company, brings extensive expertise and deep knowledge of the business. She has served as the company’s Executive Vice President and Chief Operating Officer since January 2018.

“I have worked closely with Vivek and the leadership team on our plans to accelerate growth and...

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2024 Results

Albertsons Companies, Inc. (the "Company") today reported results for the second quarter of fiscal 2024, which ended September 7, 2024.

Second Quarter of Fiscal 2024 Highlights

• Identical sales increased 2.5%
• Digital sales increased 24%
• Loyalty members increased 15% to 43.0 million
• Net income of $146 million, or $0.25 per share
• Adjusted net income of $301 million, or $0.51 per share
• Adjusted EBITDA of $901 million

"In the second quarter of fiscal 2024, investments in our Customers...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...

Grubhub Partners with Albertsons Companies for Nationwide Grocery Delivery

Grubhub and Albertsons Companies, Inc. have partnered to bring nearly 1,800 Albertsons Cos. stores to Grubhub's Marketplace for delivery including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME and Tom Thumb. Availability is based on delivery locations through the Grocery section on the Grubhub app and website.

"We're pleased to grow our grocery offering with Albertsons Cos., one of the leading grocery retailers in the U.S., and give customers the opportunity to conveniently place their grocery orders within Grubhub," said Craig Whitmer, vice president of new verticals at Grubhub...