Consumer Cos Climb, Recouping Some Losses -- Consumer Roundup

Consumer companies rose, recouping some of their losses from a week earlier as investors awaited more rate signals.

Albertsons shares ticked down after the grocery-store chain posted quarterly revenue shy of Wall Street estimates, weighed down by lower fuel sales.

Separately, Kroger and Albertsons offered to sell more than 160 additional stores in a divestiture package, a bid to appease competition regulators, who blocked an earlier deal, and close their long-pending merger.

Big-box giants like Walmart and club stores like Costco and BJ's seem to be taking market share away from conventional food retailers like Kroger and Albertsons, according to analysts at research firm CFRA.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-22-24 1715ET