Evaluating The Proposed Albertsons (ACI) Takeover By Kroger (KR)

Kroger (KR) rallies after earnings. Arun Sundaram and Scott Mushkin discuss KR as its adjusted EPS came in at $0.99 versus an estimated $0.90 and its revenue came in at $34.82B versus an estimated $34.78B. They talk about how R5 Research maintains sell rating on Kroger (KR). They also go over how KR is deal with inflation. They compare KR to other grocery stocks which include Albertsons (ACI), Walmart (WMT), and Costco (COST). Finally, they evaluate the proposed ACI takeover by KR. Tune in to find out more about the stock market today.