Kroger Stock Slips After Reporting Earnings, Announcing Opioid Settlement

Shares of grocery giant Kroger are sliding after a slew of announcements Friday morning, including a settlement to resolve opioid-related claims against the company. The stock fell about 1% in premarket trading after Kroger said it would take a $1.4 billion charge to second-quarter earnings as a result of the settlement. + Kroger and Albertsons, which are set to merge, announced the companies would sell more than 400 stores to C&S Wholesale Grocers to complete their tie-up.