Welcome to our dedicated page for Kroger news (Ticker: KR), a resource for investors and traders seeking the latest updates and insights on Kroger stock.
The Kroger Co. operates a U.S. grocery retail business with supermarkets across multiple banners, complemented by fuel centers, pharmacies, private-label products, manufacturing, advertising and data analytics. News about KR commonly covers fresh food and seasonal merchandising, pickup and delivery services, digital coupons, private brands such as Simple Truth, Private Selection and Kroger brand products, and customer access through Kroger.com, the Kroger app and delivery marketplaces.
Company updates also include Harris Teeter, a wholly owned Kroger subsidiary, with recurring coverage of pharmacy services, nutrition support, grocery promotions, fuel rewards, community programs and associate initiatives. Other news themes include new products entering Kroger-banner stores, floral and gift offerings such as Bloom Haus, and enterprise training programs such as Pearl Street Academy.
Kroger (NYSE: KR) has filed legal counterclaims against Albertsons in the Delaware Court of Chancery regarding their terminated merger agreement from December 2024. The filing alleges that while Kroger worked to obtain regulatory approval, Albertsons secretly collaborated with C&S Wholesale Grocers to undermine Kroger's regulatory strategy.
The misconduct was revealed during antitrust trials through the cross-examination of Susan Morris, Albertsons's CEO designate, who allegedly used personal communications to advance a separate strategy with C&S. This led C&S to criticize their agreed-upon divestiture package, causing regulators to doubt C&S's adequacy as a buyer.
Kroger contests Albertsons's claim to the $600 million termination fee and additional damages. The counterclaims also reveal Albertsons's 'Plan B' strategy to sue Kroger if the merger failed. Kroger is now seeking damages to recover its investment in obtaining regulatory approval while Albertsons allegedly worked against it.
Kroger (NYSE: KR) has announced the return of its Customer Appreciation Week, running from March 26 to April 1, 2025. The mega-sales event features extensive deals and digital coupons across various product categories. Key offerings include:
- Three Kroger Brand Cheese packages for $5
- Kroger Brand Pasta and Broths for 99 cents
- Starbucks Coffee products for $6.99
- Sports drinks for 88 cents
- 33% off Easter candy
- Up to 4X fuel points (March 28-31)
Boost by Kroger Plus members receive exclusive additional savings, with the ability to redeem special offers up to five times. The membership program claims to help customers save up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Kroger (NYSE: KR) has launched its 'Elite Ate' Snack Bracket, showcasing a selection of customer-favorite snacks from their Our Brands portfolio. The promotion features head-to-head matchups between various snack products, including stuffed jalapeno peppers, breaded dill pickle chips, themed cupcakes, and specialty dips.
The company is offering special digital coupon deals during March 19-April 1, including discounts on DiGiorno Pizza, Tostino's Pizza Rolls, soft drinks, Lays Potato Chips, and Farm Rich Appetizers. Customers can access over $600 in weekly digital coupon savings through Kroger's website and app.
The retailer also highlighted their Boost by Kroger Plus delivery membership, which claims to offer potential savings of up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Kroger (NYSE: KR) has launched a springtime guide highlighting fresh, in-season produce during National Nutrition Month. The initiative focuses on helping customers create nutritious meals with seasonal fruits and vegetables.
The guide features various fresh produce categories including:
- Fruits: Strawberries, Apples, Pineapple, Kiwi, and Bananas
- Vegetables: Asparagus, Celery, Peas, Avocados, Broccoli, and more
- Greens: Lettuce, Kale, Spinach, and others
- Citrus: Lemons and Limes
The company also introduced recipes on their Fresh Lane blog, including Grilled Steak Strawberry Salad, Baked Ziti with Mushrooms, and Green Pea Hummus. Kroger Plus loyalty customers can access a free 30-minute dietitian consultation and utilize the OptUP program for nutrition guidance. The company offers these fresh products through in-store shopping, Pickup, and Delivery services.
Kroger (NYSE: KR) has announced its Board of Directors has declared a quarterly dividend of 32 cents per share, payable on June 1, 2025, to shareholders of record as of May 15, 2025. The company highlights that its quarterly dividend has experienced a 13.5% compounded annual growth rate since its reinstatement in 2006.
The company's capital allocation strategy focuses on utilizing free cash flow to drive long-term sustainable net earnings growth while maintaining its investment grade debt rating and returning capital to shareholders. Kroger expects to continue increasing its dividend over time, subject to board approval.
Kroger (NYSE: KR) has announced the formation of a new eCommerce business unit to streamline its online customer experience operations. Yael Cosset, previously Senior Vice President and Chief Information Officer, has been promoted to Executive Vice President and Chief Digital Officer to lead this initiative, effective immediately.
In his expanded role, Cosset will maintain oversight of the company's technology and data operations while taking charge of the new eCommerce unit. The company reported eCommerce sales of $13 billion in 2024, highlighting the significance of this strategic reorganization.
Kroger (NYSE: KR) reported strong Q4 and fiscal 2024 results, with Q4 identical sales excluding fuel up 2.4% and full-year identical sales without fuel increasing 1.5%. Q4 operating profit reached $912 million with EPS of $0.90, while adjusted FIFO operating profit hit $1,174 million with adjusted EPS of $1.14.
Key fiscal 2024 achievements include $13B in digital sales, with digital growth of 11% in Q4. The company's Media business saw a 17% increase, contributing to $1.35B in Operating Profit from Alternative Profit Businesses. Kroger initiated a $5.0B Accelerated Share Repurchase Program under its $7.5B authorization.
For 2025 guidance, Kroger projects identical sales without fuel of 2.0-3.0%, adjusted FIFO operating profit of $4.7-$4.9 billion, and adjusted EPS of $4.60-$4.80. The company maintains a strong balance sheet with a net total debt to adjusted EBITDA ratio of 1.79.
Kroger (NYSE: KR) announced the immediate resignation of Chairman and CEO Rodney McMullen following a Board investigation into his personal conduct that violated the company's Policy on Business Ethics. The conduct was unrelated to business operations or financial performance.
The Board appointed Lead Director Ronald 'Ron' Sargent as interim CEO and Chairman, while Mark Sutton will serve as lead independent director. A Search Committee has been formed to find the next CEO.
Sargent, a Kroger director since 2006 and former Chairman and CEO of Staples, brings 35 years of retail experience, including his early career at Kroger. The company expects its full-year Identical Sales without fuel to reach the high end of guidance, with Adjusted Earnings Per Share projected to be slightly above the high end of guidance range.
Kroger (NYSE:KR) has announced a winter soup campaign highlighting various recipes and meal solutions for customers during the cold season. Carlo Baldan, Kroger's group vice president of Fresh Merchandising, introduced a range of recipes available on Kroger's blog, The Fresh Lane.
The announcement features multiple soup categories including classic recipes like Chicken Noodle Soup, Baked Potato Soup, and specialty options such as Egg Drop Soup and Chickpea Vegetable Minestrone. The company also promotes stew recipes including Slow Cooker Beef Stew and various chili options like Classic Slow Cooker Chili and Cincinnati Chili.
Additionally, Kroger highlights their Home Chef ready-to-eat soup options and promotes their Boost by Kroger Plus membership program, which offers potential savings of up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a Kroger (NYSE: KR) subsidiary and leading meal solutions company, announces a four-week collaboration with Nickelodeon's SpongeBob SquarePants running through March 21, 2025. The partnership features themed menu items including the Pineapple Under the Sea Burger, CHOCOLATE! Brownie Cookie Skillet, and The Krusty Krab Pizza Flatbread.
New customers can use code 'CHEFKRABS' to receive meals for $4.99 per serving with free shipping. The promotion includes special collectible boxes during March 10-17 weeks and a complimentary SpongeBob mini spatula while supplies last. Home Chef, ranked #1 among meal delivery services by Newsweek (2024), offers its services online and in over 2,400 Kroger Family stores.