Kroger reaches $1.2 billion settlement in opioid lawsuits

Kroger has reached a $1.2 billion national settlement for communities affected by its opioid sales, with an additional $36 million for Native American tribes.

The company’s public shares dropped on Friday after the grocery store giant's second-quarter earnings report. The agreement will result in a $1.4 billion charge to its second-quarter earnings, a tally that equates to around $1.54 per share. Similar economic consequences have affected various pharmaceutical retailers, such as Walgreens, Walmart, CVS, and Rite Aid.