Finances and Deals: Page 2


  • Exterior of Moser's Foods
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    Retrieved from PFSbrands.
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    PFSbrands acquires Mid-Missouri grocer Moser’s Foods

    The purchase of the company, which operates eight grocery stores and one c-store, is expected to close in March 2025.

    By Dec. 1, 2023
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger sees results falter, says planned merger with Albertsons is on track

    The grocer’s comparable store sales slipped into negative territory during the third quarter even as the company returned to profitability.

    By Nov. 30, 2023
  • Walmart storefront sign.
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    Kaarin Vembar/Grocery Dive
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    Walmart records grocery gains in Q3 but feels inflationary heat

    The retailer is working to lower food prices to help consumers spend more on general merchandise as the holidays near, executives told investors.

    By Nov. 16, 2023
  • Header image for "Instacart Pulls IPO; CEO Says 2022 Listing Unlikely"
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    CFO Editorial Staff
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    Column

    The Friday Checkout: Instacart’s $2.6B payout

    The company beat the Street in its first earnings report, but all the stock-based compensation it had piled up swung it to a loss.

    By Grocery Dive Staff • Nov. 10, 2023
  • Exterior of a Food Lion store.
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    Permission granted by Food Lion
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    Ahold Delhaize’s results lose steam

    The grocer’s comparable sales, net sales, operating income and online sales all lost momentum year over year during the third quarter.

    By Nov. 9, 2023
  • Smart shopping cart at Groceryshop
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    Sam Silverstein/Grocery Dive
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    Instacart posts strong results in first earnings report since public market debut

    For its third quarter, the company recorded $764 million in revenue, up 14% year over year, and a net loss of $2 billion mainly due to stock-based compensation tied to its IPO.

    By Nov. 8, 2023
  • FreshDirect
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    Courtesy of FreshDirect
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    Ahold Delhaize USA selling FreshDirect to Getir

    The food retail giant said it is offloading the grocery e-commerce service to focus on omnichannel. 

    By , , Nov. 8, 2023
  • Exterior of a Sprouts store
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    Retrieved from Sprouts Farmers Market on March 20, 2023
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    Sprouts revises 2024 store count expansion plans

    The specialty grocer plans to open 35 new locations next year rather than 40, the company’s CFO said Tuesday during an earnings call.

    By Nov. 1, 2023
  • Kroger's retail media network logo against a food background.
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    Courtesy of Kroger
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    Column

    The Friday Checkout: Kroger’s retail media business breaks new ground

    The grocery giant plans to measure carbon emissions linked to offsite media campaigns and launch a programmatic offering amid an increasingly competitive retail media landscape. 

    By Grocery Dive Staff • Oct. 20, 2023
  • Walmart's Thanksgiving meal basket
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    Retrieved from Walmart.
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    Walmart aims to take inflation off the Thanksgiving table

    The retailer’s two meal bundles match 2021 prices and provide customers with essential ingredients or convenient ready-to-bake goods. 

    By Oct. 19, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Deep Dive

    What’s ahead in grocery M&A?

    Kroger and Albertsons’ proposed mega-merger has prompted players in the industry to explore ways to work together, analysts and observers say.

    By , Oct. 18, 2023
  • Exterior of Washington, D.C., Safeway store at 415 14th Street, SE, on Aug. 11, 2020. Store opened Aug. 12, 2020.
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    Sam Silverstein/Grocery Dive
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    Albertsons results soften as headwinds persist

    The grocer reported Tuesday that sales growth, same-store sales, net income and adjusted EBITDA all lost steam during the second quarter.

    By Oct. 17, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid files for Chapter 11 bankruptcy, names new CEO

    The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

    By Nate Delesline III • Oct. 16, 2023
  • Gatik autonomous delivery vehicle outside Loblaw building
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    Courtesy of Gatik
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    Canada’s five largest grocery chains pledge to stabilize food prices

    Metro, Loblaws, Sobeys, Walmart and Costco made initial commitments after recently meeting with the country’s minister of innovation, science and industry.

    By Oct. 9, 2023
  • A Blue Apron box on a kitchen counter.
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    Scott Eisen via Getty Images
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    Blue Apron to be acquired by Wonder Group

    The food tech company founded by former Walmart e-commerce executive Marc Lore is buying the meal kit company for about $103 million — a fraction of what it was worth when it went public in 2017.

    By Sept. 29, 2023
  • Kroger associate in store produce department
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    Courtesy of Kroger
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    Kroger makes local sourcing pledge tied to Albertsons merger

    The grocery giant said it will increase the number of local products in its stores by 10% once the proposed mega-merger closes. 

    By Sept. 20, 2023
  • Rodney McMullen on screen during conference
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    Sam Silverstein/Grocery Dive
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    Kroger took a hard look at the past when crafting divestiture deal, CEO says

    The chain was determined to avoid a repeat of Albertsons’ ill-fated 2015 deal with Haggen as it developed plans to sell stores to C&S Wholesale Grocers, Chairman and CEO Rodney McMullen said.

    By Sept. 20, 2023
  • The Instacart+ subscription service on an smartphone
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    Courtesy of Instacart
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    Instacart makes long-awaited public market debut

    The company’s shares on the Nasdaq started trading at $30 under the ticker symbol “CART” on Sept. 19, putting its valuation at just below $10 billion.

    By Sept. 19, 2023
  • Instacart reaches out to retail partners in fresh rebrand
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    Courtesy of Instacart
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    Instacart lifts target IPO share price range

    The grocery tech company now expects its shares to fetch between $28 and $30 each, which would raise between $616 million and $660 million for the firm when it goes public.

    By Sept. 15, 2023
  • Albertsons
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    Courtesy of Albertsons
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    Even with divestiture deal, Kroger-Albertsons merger faces challenging odds, analysts say

    The grocers’ plan to sell hundreds of stores to C&S Wholesale Grocers increases the chance of the deal getting done, according to two Wall Street firms — though they still put the odds at only around 50%.

    By Sept. 14, 2023
  • Kroger headquarters
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    Scott Olson via Getty Images
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    Mapping Kroger and Albertson’s store divestiture deal with C&S

    Three maps help outline the proposed $1.9 billion divestiture plan and show how the wholesaler could more than triple its footprint of retail locations.

    By , Sept. 12, 2023
  • A Kroger associate wear the grocer's apron and heart logo.
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    Courtesy of Kroger
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    UFCW local unions raise concerns about Kroger-Albertsons’ divestiture plan with C&S

    Seven UFCW Locals likened the deal to Haggen's purchase of Safeway stores in 2015, while UFCW International’s president said the organization will continue to closely monitor its impact.

    By Sept. 11, 2023
  • The Instacart+ subscription service on an smartphone
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    Courtesy of Instacart
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    Instacart seeks up to $9.3B valuation in IPO

    The grocery tech company plans to offer 22 million shares within an estimated price range of $26 to $28 per share, which would raise between $572 million and $616 million, per an SEC filing. 

    By , Sept. 11, 2023
  • Kroger Restaurant Supply
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    Courtesy of Kroger
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    Kroger sees Q2 earnings slip with $1.4B opioid settlement charge

    The grocer brought in $33.9 billion in sales, 2% less than during the same period last year, and said its settlement will cover most nationwide opioid claims.

    By Sept. 8, 2023
  • An Albertsons sign with palm trees in the background.
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    Mario Tama via Getty Images
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    Kroger, Albertsons may sell stores to C&S Wholesale Grocers: reports

    The wholesale grocery supply company is in talks to buy locations that the supermarket operators are looking to offload to win regulatory approval for their merger, according to Bloomberg and Reuters.

    By Sept. 6, 2023