Finances & Deals

  • Target's white bullseye logo on a beige storefront at night.
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    Nate Delesline III/Grocery Dive
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    Target misses Q3 earnings expectations, lowers guidance

    While the retailer’s food and beverage category grew in the low single digits in Q3, a deceleration in discretionary demand and multiple cost pressures caused headwinds.

    By Nate Delesline III • Nov. 20, 2024
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    Scott Olson via Getty Images
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    Walmart exceeds Wall Street expectations in Q3

    The retailer’s food units reached their highest level in four years while e-commerce saw a significant bump.

    By , • Nov. 19, 2024
  • The exterior of a Safeway store in Chehalis, Washington.
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    Jeff Wells/Grocery Dive
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    What the stock market is saying about Albertsons and Kroger

    The companies’ diverging performances this year say a lot about their respective outlooks and the likelihood of their merger going through, according to Wall Street analysts.

    By • Nov. 13, 2024
  • Close-up of a hand holding a phone showing an e-commerce app.
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    Courtesy of Instacart
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    Instacart records vigorous Q3

    Rising volumes and a growing advertising business helped drive the technology company’s results, though investors appear dissatisfied with its outlook.

    By • Nov. 13, 2024
  • A man carrying orange bags with the word Grubhub on the side.
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    Courtesy of Grubhub
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    Wonder to acquire Grubhub for $650M

    Just Eat Takeaway originally purchased Grubhub for $7 billion in 2020 and has been trying to sell the company since 2022.

    By Julie Littman • Nov. 13, 2024
  • M&A due diligence lawyers legal
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    ArLawKa AungTun via Getty Images
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    Column

    The Friday Checkout: Will grocery M&A heat up under Trump?

    Corporate leaders anticipate a flurry of deals once Donald Trump returns to the White House. The grocery industry seems primed for more combinations.

    By Grocery Dive Staff • Nov. 8, 2024
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    Courtesy of Kroger
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    Kroger finalizes $1.4B opioid settlement with 30 states

    The settlement includes attorney fees of up to $149 million as part of the arrangement — nearly 11% of the total amount.

    By • Nov. 6, 2024
  • Exterior of a Jewel-Osco store.
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    Catherine Douglas Moran/Grocery Dive
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    Kroger-Albertsons merger in court: 6 key takeaways

    Competition, pricing and the fate of Albertsons were key points of contention in the three court battles that unfolded over a nearly two-month period.

    By , • Nov. 4, 2024
  • Exterior shot of a Publix store in North Carolina.
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    Kaarin Vembar/Grocery Dive
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    Publix reports Q3 sales uptick

    Heightened shopping demand during Hurricane Helene boosted sales for the Florida-based grocer during the three-month period that ended Sept. 28.

    By • Updated Nov. 4, 2024
  • Interior of Manassas, Virginia, Sprouts
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    Peyton Bigora/Grocery Dive
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    Sprouts’ strong momentum continues in Q3

    The grocer’s net sales hit $1.9 billion, fueled by solid comparable-store sales and ongoing brick-and-mortar expansion.

    By • Oct. 31, 2024
  • Graphic design with "RIP" abbreviation on a computer keyboard button
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    Catalin205 via Getty Images
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    In Remembrance: 5 grocery concepts and companies that got buried in 2024

    From the demise of Dom’s Kitchen & Market to the shuttering of Schnucks’ Eatwell banner, the industry has put several things to rest this year.

    By • Oct. 31, 2024
  • A person taking a selfie with an in-store robot.
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    Courtesy of Simbe
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    Simbe raises $50M in latest funding round

    Goldman Sachs led the robotics company’s Series C round, which brings its total funding raised to over $100 million.

    By • Oct. 25, 2024
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    CatLane via iStock

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    Sponsored by Givex

    Community roundup – Spare change, big impact!

    What is Community Roundup and how can it enhance your business? Learn how easy it is to give back to the community every time you shop. 

    By Andy Ruff , Vice President of Community Rewards, Givex • Oct. 21, 2024
  • Exterior of a Save A Lot store
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    Courtesy of Save A Lot
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    Save A Lot launches first-ever loyalty program

    Shoppers can redeem points for free products and access deals through the mobile app while individual stores can customize the app with local offers.

    By • Oct. 16, 2024
  • Overhead view of a big, festive dinner with a roasted chicken and various side dishes.
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    AnastasiaNurullina via Getty Images
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    Aldi’s Thanksgiving basket to feed 10 people for less than $47

    This year’s deal includes a Butterball turkey and numerous staple side dishes and ingredients.

    By • Oct. 16, 2024
  • Packages of crackers
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    Permission granted by Wakefern Food Corp.
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    Wakefern buys specialty food brand Di Bruno Bros.

    The regional grocery cooperative now owns the portfolio of Italian and European products, which are distributed nationally.

    By • Oct. 16, 2024
  • 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 records modest revenue gain in Q2, but profitability falls

    The supermarket operator posted same-stores sales growth of 2.5% during the period, while net income slipped 45%.

    By • Oct. 15, 2024
  • Produce section inside a store
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    Courtesy of SpartanNash
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    SpartanNash to buy regional grocer Fresh Encounter

    The acquisition of the grocer’s 49 stores across Ohio, Indiana and Kentucky grows SpartanNash’s store portfolio by a third.

    By • Oct. 14, 2024
  • Exterior shot of Stop & Shop store
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    Courtesy of Caroline Medeiros
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    Stop & Shop pressed on pricing by 4 Democratic lawmakers

     The politicians’ letter to Ahold Delhaize CEO Frans Muller asked for an explanation on pricing discrepancies between Massachusetts locations.

    By • Updated Oct. 11, 2024
  • Vons grocery store in California
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    Mark Seip/Grocery Dive
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    Albertsons to pay nearly $4M to settle civil law enforcement complaint

    The grocer engaged in false advertising and unfair competition by unlawfully charging higher prices on goods, according to Los Angeles’ district attorney. 

    By • Oct. 7, 2024
  • UNFI truck parked on side of street
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    Peyton Bigora/Grocery Dive
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    UNFI posts net sales increase, unveils 3-year financial recovery plan

    The company will focus on “controllable variables” to improve financial results and will cut back on capital investments next year, CEO Sandy Douglas said.

    By • Oct. 1, 2024
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    Courtesy of Weis Markets
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    Weis Markets buys 2 supermarkets

    The Mid-Atlantic grocer plans to convert the stores it is acquiring from Sunnyway Foods to its own banner.

    By • Sept. 24, 2024
  • Exterior of Kroger headquarters
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    Scott Olson via Getty Images
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    Column

    The Friday Checkout: Kroger faces uphill climb as judge weighs merger’s fate

    Although a court decision could still be weeks away, Wall Street analysts and investors are predicting the deal with Albertsons won’t get approved.

    By Grocery Dive Staff • Sept. 20, 2024
  • Albertsons
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    Courtesy of Albertsons
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    Closing arguments in FTC’s case against Kroger-Albertsons merger set for Tuesday

    As the three-week-long trial winds down, another legal proceeding over the deal is getting started in Washington state.

    By • Sept. 17, 2024
  • Kroger delivery vehicles
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    Courtesy of Kroger
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    Kroger reports sluggish results as merger decision looms

    The grocer’s sales were flat during the second quarter, but it returned to profitability after posting a loss during the same period a year ago.

    By • Sept. 12, 2024