Kroger: Looking Decent Despite Albertsons Deal Uncertainty

Jan. 01, 2023 5:48 AM ETThe Kroger Co. (KR) StockACI, WMT, KR5 Comments

Summary

  • Kroger has seen solid third quarter results in the wake of the Albertsons deal announcement.
  • Scrutiny on the deal is on the rise, leaving continued uncertainty amidst a long closing process.
  • Despite the uncertainty on the Albertsons deal, the outlook for Kroger looks decent, with or without the transaction.
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Supermarket Chain Kroger Post Strong Quarterly Earnings

Brandon Bell

Shares of Kroger (NYSE:KR) have seen above-average interest as of late as the company of course announced its intention to acquire Albertsons (ACI) in October, a deal which triggered some controversy from various angles.

At the time of

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of KR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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