Kroger Stock Price, News & Analysis

Kroger (NYSE: KR) has introduced Field & Vine™, a new fresh produce line in its Our Brands portfolio. The brand features locally grown berries from U.S. farmers in eight states, including blueberries, blackberries, raspberries, and strawberries. Field & Vine™ focuses on peak seasonality and optimal freshness, offering high-quality berries during the best U.S. growing seasons.

This -time, annual offering aims to provide customers with an enhanced fresh experience while supporting local growers. By sourcing locally, Kroger reduces transit time, ensuring better freshness and quality. Customers can purchase Field & Vine™ berries in-store or through Kroger Pickup and Delivery, with additional savings available through digital coupons and the Boost by Kroger Plus membership program.

Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), is promoting a comprehensive approach to back-to-school health. The company emphasizes the importance of vaccines, physical exams, and balanced nutrition for students' success. Dr. Marc Watkins, chief medical officer, highlights the role of vaccines in preventing infectious diseases and reducing school absences. Kroger Health provides a detailed list of recommended vaccines for different age groups, from kindergarten through high school.

The company offers wellness screenings, annual physicals, and preventive healthcare services through The Little Clinic. Additionally, Kroger Health focuses on the significance of healthy meals for students' energy and overall well-being. Laura Brown, director of nutrition, introduces their virtual dietitian services and the OptUP™ tool to help families make healthier food choices.

Murray's Cheese has won seven awards at the American Cheese Society (ACS) conference for their Cave Aged line, marking a significant achievement in their 20th anniversary year of cheese caves. The awards showcase Murray's expertise in aging and ripening cheeses, with their proprietary techniques and original recipes developed in collaboration with local creameries.

Notable winners include Cave Aged Original Buttermilk Basque (1st place in Sheep's milk cheese aged 31-60 days), Murray's Cave Aged Double Doe (1st place in washed cheeses from mixed milk), and Cave Aged Original Stockinghall Cheddar (1st place in Clothbound Cheddar aged up to 12 months). Murray's plans to celebrate with events at their Greenwich Village flagship store and introduce select cave aged cheeses at Kroger store cheese counters.

Kroger (NYSE: KR) has announced back-to-school savings with Locked In Low prices on meal staples and school supplies. The company is offering hundreds of items for breakfast, lunch, and dinner, as well as school essentials under $1. Kroger's initiative includes:

1. Easy breakfast solutions paired with fresh fruit
2. Lunch favorites for building nutritious meals
3. Family-friendly dinner ideas under $15
4. School supplies for less than $3, with many items at $1 or less

Customers can shop in-store or through Kroger Pickup and Delivery, with additional savings available through digital coupons and the Boost by Kroger Plus membership program. The company aims to provide affordable options for families during the back-to-school season.

Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), is urging college students to get vaccinated before the fall semester. Vaccinations are important for protecting individual and community health, especially in close-quarter environments like college campuses. Common vaccine requirements for post-secondary enrollment include Meningococcal, Tdap, and MMR. Additional recommended vaccines are HPV, Influenza, and COVID-19.

Students in specific fields may need additional vaccinations. For example, those in healthcare programs might need Hepatitis B and TB tests, while students in trades involving material handling should get tetanus shots. Kroger Health emphasizes the importance of being up-to-date on vaccinations and offers convenient healthcare services for students and families at every life stage.

Kroger (NYSE: KR) has announced the return of seasonal favorite Hatch Chiles to its stores nationwide. Sourced directly from local farms in Hatch, New Mexico, these chiles are harvested and shipped within 24 hours. Kroger is offering an expanded range of Hatch Chile products, including fresh peppers in varying heat levels, seasoned meats, and prepared foods.

To celebrate the Hatch Chile season, Kroger is hosting over 4,000 live store roasting events across America. The company also provides instructions for customers to roast chiles at home. Kroger offers these products in-store and through their Pickup and Delivery services, with additional savings available through the Boost by Kroger Plus membership program.

Bayer and Kroger have partnered with country music star Luke Bryan and Feeding America to launch the 'Take Care, Now' campaign, addressing food insecurity and 'hidden hunger' in rural America. The initiative aims to raise awareness, educate communities, and improve access to nutritious food and essential vitamins and minerals.

Key aspects of the campaign include:

1. Distribution of educational materials through Feeding America's network of food banks

2. Bayer's donation of up to 1 million meals and over 100,000 bottles of multivitamins and nutritional supplements

3. Kroger's efforts to expand access to fresh, affordable food and nutrition services

4. Awareness events at the Farm Progress Show and Luke Bryan Farm Tour concerts

The campaign has the potential to reach 200 food banks and over 60,000 partner agencies, impacting thousands of people across rural America daily.

Kroger (NYSE: KR) announced Boost Bonus Days, a two-week event from July 10-July 23 offering substantial savings for Boost by Kroger Plus members.

Members can access over $60 in savings, free items, and 50% off new and renewed annual memberships. The event provides free delivery options and double fuel points, enhancing the value of the Boost membership which already saves members up to $1,000 per year.

Free items during the event include Simple Truth Organic Cookies, Kroger Brand Spices, and more. The initiative aims to reward current members and attract new subscribers.

Kroger's Board of Directors has approved a 10% increase in the annual dividend, raising it from $1.16 to $1.28 per share. The next quarterly dividend of 32 cents per share will be paid on September 1, 2024, to shareholders of record as of August 15, 2024.

This marks the 18th consecutive year of dividend increases, with Kroger's dividend growing at a 13.5% compounded annual growth rate since 2006. The increase reflects confidence in Kroger's business model, consistent operating results, and strong free cash flow, enabling the company to return value to shareholders while investing in growth.