Kroger and C&S Wholesale Grocers Reach Friendly Settlement
Rhea-AI Summary
Kroger (NYSE:KR) has announced a settlement with C&S Wholesale Grocers regarding pending litigation in Delaware's Superior Court. All claims between the parties have been resolved amicably, though the settlement terms remain confidential. Kroger's Chairman and CEO Ron Sargent expressed satisfaction with the resolution and emphasized the company's continued focus on customer service and store operations across the United States.
Positive
- Legal uncertainty removed with settlement of pending litigation
- Maintains positive business relationship with C&S Wholesale Grocers
Negative
- Confidential settlement terms may involve undisclosed financial impact
News Market Reaction
On the day this news was published, KR gained 0.15%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are pleased to resolve the claims from C&S, and we look forward to a friendly relationship with them going forward," said Ron Sargent, Chairman and CEO of Kroger. "Kroger remains focused on serving our customers and running great stores across the
The terms of the settlement are confidential.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
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SOURCE The Kroger Co.