Albertsons Reaches $774 Million Opioid Accord, Records Loss

Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal.

Due to the settlement, the company recorded a charge of about $600 million last quarter, net of tax, that left it reporting a loss of roughly $480 million. The payout will take place over nine years.