×

Kroger says exploring sale of convenience stores business

Oct 11 (Reuters) - Grocery chain operator Kroger Co said on Wednesday it would explore strategic alternatives, including a potential sale, for its convenience stores business in the United States.

The company which has 784 convenience stores among its nearly 2,800 retail stores said it has hired Goldman Sachs and Co to help with the review.

"This is the result of a review of assets that are potentially of more value outside of the company than as part of Kroger," Kroger said in a statement ahead of its investor meeting. (http://bit.ly/2g173qv)

Kroger also forecast identical supermarket sales for its full-year ending January 2019 to be higher than the current fiscal year, with profit to be flat or up slightly. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D'Souza)