JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023. For the three months ended December 31, 2023 and 2022, Kimco’s Net income/(loss) available to the company’s common shareholders per diluted share was $0.22 and ($0.09), respectively. For full year 2023 and 2022, Net i ...

Companies in the Zacks Consumer Products – Staples industry have been operating in a challenging economic landscape, with core inflation pinching consumers’ budgets, thereby affecting demand. Also, higher input costs have been a hurdle, though the trend has been moderating.Certain players in the industry are contending with elevated SG&A costs. However, dedication to portfolio refinement and innovation, along with prudent saving measures, has been working favorably for Kimberly-Clark Corporation (KMB) , Alb ...

JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced today the allocations of the company’s 2023 dividend distributions on its common stock and preferred stock. The allocations as they will be reported on Form 1099-DIV are as follows: Common Shares (CUSIP # 49446R-10-9)   Ex- Ordinary Income ...

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) today announced its annual application process for diverse-owned suppliers. As part of the company’s ongoing commitment to fostering diversity, equity, inclusion and belonging, the Albertsons Cos. Supplier Diversity Program is designed to discover, support and give diverse-owned suppliers the opportunity to expand their business with Albertsons Cos. and its stores. “At Albertsons Cos., we are committed to providing opportunities for diverse ...

Washington state Attorney General Bob Ferguson filed a lawsuit to block the proposed merger between Kroger and Albertsons because of the negative ramifications he says it would have for residents, such as fewer options and higher prices.  In the suit, filed on Monday, Ferguson argued that the proposed $24.6 billion merger, announced in October 2022, "will likely substantially lessen supermarket competition or tend to create a monopoly in many Washington communities," where both companies currently compete.K ...

Key TakeawaysKroger and Albertsons have pushed back the timeline for a planned merger, citing ongoing dialogue with regulators.The news came on the same day that Washington State's attorney general filed a lawsuit to prevent the proposed tie-up between the grocery store operators.The Kroger share price may find support near a short-term uptrend line and the 50-day moving average around $45.Here is a look at a chart tied to recent news, with important technical levels to monitor.Source: TradingView.com.Share ...

Washington state has asked a judge to block a proposed $25 billion merger between two of America’s largest grocery chains, Kroger and Albertsons, claiming the new entity would harm customers and raise prices.A lawsuit filed in King County Superior Court on Monday seeks to block the proposed Kroger-Albertsons merger, calling it “presumptively unlawful” and alleging that together, the stores would “account for more than 50% of supermarket sales statewide.”The suit is the first formal move by regulators to ha ...

Key TakeawaysKroger and Albertsons have pushed back the timeline for a planned merger, citing ongoing dialogue with regulators.The news came on the same day that Washington State's attorney general filed a lawsuit to prevent the proposed tie-up between the grocery store operators.The Kroger share price may find support near a short-term uptrend line and the 50-day moving average around $45.Here is a look at a chart tied to recent news, with important technical levels to monitor.Source: TradingView.com.Share ...

Kroger CEO Rodney McMullen testifies about the proposed massive grocery store merger with Albertsons at a Senate Judiciary Committee Competition Policy, Antitrust, and Consumer Rights Subcommittee hearing on Capitol Hill in Washington, November 29, 2022.Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024 instead of early this year. Ongoing discussions with federal regulators delayed the deal's close, the companies said i ...

Albertsons Companies is setting its sights on convenient meal occasions with the launch of ready-to-cook meals, a move that comes as grocers increasingly look to gain share of consumers’ food spending from restaurants.The grocery giant, which has more than 2,200 stores across the country, announced Thursday (Jan. 11) the launch of its new private-label frozen food offerings, dubbed Signature Select Mix + Match, including a range of dishes that all cook in the oven at the same temperature for roughly the sam ...