Kroger Co. is defending its $24.6 billion acquisition of Albertsons Cos., emphasizing the merger’s potential benefits for customers, employees, and communities. Kroger CEO Rodney McMullen cited significant investments in lowering prices and improving store conditions as key advantages. Despite regulatory challenges, including a lawsuit from the FTC and state attorneys general, Kroger and Albertsons have boosted their divestiture plan with C&S Wholesale Grocers to $2.9 billion to mitigate antitrust concerns. Kroger reported steady first-quarter financial results with flat net sales and a slight dip in net earnings. The company reaffirms its fiscal 2024 guidance amidst an improving inflationary outlook and increased customer visits.

Supermarket/Retail, M&A Advisory,United States