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Slowing inflation drags on Kroger earnings

Slowing inflation drags on Kroger earnings

The Kroger Co. today said revenue declined in the second quarter of fiscal 2023 as the rate of inflation slowed. Kroger reported net sales of $33.8 billion for the three months to August 12, down from $34.6 billion in the comparable period a year ago. Kroger reiterated its forecast for the full year

Kroger, Albertsons reveal divestiture plan

Kroger, Albertsons reveal divestiture plan

The Kroger Co. and Albertsons Cos, today announced that they have entered a definitive agreement with C&S Wholesale Grocers LLC for the sale of 413 stores and other assets s in connection with the supermarket retailers’ proposed merger. The agreement also calls for Keene, N.H.