Kroger Reaches Agreement For Nationwide Opioid Settlement, To Pay Up To $1.2B To States & Subdivisions, To Recognize $1.4B Charge In Q2, Which Will Negatively Impact GAAP EPS of $1.54
Portfolio Pulse from Benzinga Newsdesk
Kroger has reached an agreement for a nationwide opioid settlement, agreeing to pay up to $1.2 billion to states and subdivisions. The company will recognize a $1.4 billion charge in Q2, which will negatively impact its GAAP EPS of $1.54.
September 08, 2023 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kroger's agreement to pay up to $1.2 billion in an opioid settlement and a $1.4 billion charge in Q2 will negatively impact its GAAP EPS of $1.54.
The news directly mentions Kroger's agreement to a nationwide opioid settlement, which will result in a significant financial charge. This will negatively impact the company's earnings per share (EPS), a key indicator of a company's profitability. As such, this news is likely to have a negative impact on Kroger's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100