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Companies to Watch: Kroger posts mixed quarter, AB Inbev may revive IPO plans, Groupon faces massive pressure

Yahoo Finance


Here are the companies the Yahoo Finance team is watching for you today.

A mixed quarter at Kroger (KR). The grocery giant beat on earnings, but revenue came in a little short. Same store sales were up 2.2%, beating expectations. The CEO says they're "pleased" with the results, and are focused on repositioning the business into 2020.

It looks like Budweiser's parent may be looking to go public in Hong Kong after all. Months after calling off a blockbuster $10 billion IPO, AB InBev (BUD) is reportedly shopping a slimmed-down, $5 billion offering for its Asian business. The Wall Street Journal says it could be completed by the end of September.

Groupon (GRPN) is facing some pressure from investors and could be looking to acquire Yelp in order to quell the concerns. Shares of Groupon are up more than 21% since the beginning of the month, but the company's valuation has sunk to $1.71 billion, just a fraction of its $16.5 billion peak in 2011.

Shares of Hertz (HTZ) are getting a nice boost this morning after billionaire investor Carl Icahn revealed he increased his stake in the company to just over 30%. In the filing it revealed Icahn now owns over 42 million shares, making him Hertz's largest shareholder.