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Bloomberg Intelligence
BI Weekend: Oracle, Macy’s Earnings
Dec 13, 2024
Mary Ross Gilbert, a Senior Equity Analyst at Bloomberg Intelligence specializing in retail, delves into Macy's delayed earnings report. She discusses the company's profit outlook adjustments and the factors influencing these changes. Additionally, she highlights Macy's ongoing operational revamp and recovery efforts, which aim to enhance customer experience and store performance. The conversation provides insight into the retail sector's challenges and future prospects, making it a must-listen for anyone interested in market trends.
35:45
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Quick takeaways
- Albertsons' lawsuit against Kroger for breach of contract highlights the increasing scrutiny on major mergers amid regulatory challenges.
- Oracle's earnings miss reflects broader supply chain issues, despite strong cloud growth and partnerships, affecting investor expectations.
Deep dives
Impact of Kroger-Albertsons Merger Collapse
The attempted merger between Kroger and Albertsons has failed after Albertsons terminated the agreement, citing Kroger's lack of effort in obtaining regulatory approvals. The legal consequences include a lawsuit from Albertsons alleging that Kroger breached their contract by not adequately defending against antitrust concerns. The legal analyst noted that while it is rare for partners in a broken merger to sue, historical examples, like the Anthem and Cigna case, illustrate that such disputes can lead to prolonged litigation with uncertain outcomes. The challenges faced by Kroger emphasize the current regulatory landscape where major deals face stringent scrutiny from authorities.
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Discover
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