Kroger and Albertsons Selling 413 Stores for $1.9 Billion to Get Merger Approval

Kroger and Albertsons are selling 413 stores for $1.9 billion to C&S Wholesale Grocers as part of their planned $25 billion merger.
The divestiture affects stores in 17 states and Washington D.C. Kroger will sell Mariano's and QFC banners, while Albertsons sheds Carrs nameplate.
The deal requires regulatory approval and may involve selling 237 additional stores. 8 distribution centers, 2 offices, and 5 private brands are also being divested.
For Q2, Kroger posted a $180 million loss on $33.9 billion in sales, missing forecasts. Excluding charges like the $1.2 billion opioid settlement, Kroger beat earnings estimates.
Identical sales grew 1% excluding fuel. The retailer has over 2,700 stores and 430,000 employees under brands like Fred Meyer, Ralphs and Harris Teeter.

Kroger and Albertsons are selling 413 stores for $1.9 billion to C&S Wholesale Grocers as part of their planned $25 billion merger.
The divestiture affects stores in 17 states and Washington D.C. Kroger will sell Mariano's and QFC banners, while Albertsons sheds Carrs nameplate.
The deal requires regulatory approval and may involve selling 237 additional stores. 8 distribution centers, 2 offices, and 5 private brands are also being divested.
For Q2, Kroger posted a $180 million loss on $33.9 billion in sales, missing forecasts. Excluding charges like the $1.2 billion opioid settlement, Kroger beat earnings estimates.
Identical sales grew 1% excluding fuel. The retailer has over 2,700 stores and 430,000 employees under brands like Fred Meyer, Ralphs and Harris Teeter.