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. (NYSE: KR) generates a steady flow of news that reflects its role as a large U.S. grocery retailer and digital food platform. Company announcements span grocery merchandising, health and wellness, digital innovation, partnerships, and community impact, giving investors and customers insight into how Kroger evolves its business and serves shoppers.
Recent news highlights include seasonal product launches under Kroger’s Our Brands portfolio, such as the Private Selection Harvest Apple collection, which showcases limited-edition fall flavors across beverages, snacks, and bakery items. Kroger also shares annual food trend predictions developed by its food experts, connecting emerging customer preferences to specific products in its exclusive brands.
Kroger Health and The Little Clinic are frequent subjects of updates, including vaccination campaigns that offer savings incentives for customers who receive flu and other vaccines at Kroger pharmacies or clinics. These stories illustrate how the company integrates healthcare services and the "food as medicine" concept into the grocery experience.
On the digital front, Kroger news covers partnerships and technology initiatives, such as the nationwide launch of thousands of Kroger Family of Companies locations on Uber Eats, Uber, and Postmates for on-demand grocery delivery. The company also reports on its expanded relationship with Google Cloud, where it plans to use Gemini Enterprise for Customer Experience to power an AI-based shopping and meal assistant.
Corporate updates include leadership changes, the sale of non-core assets like Vitacost.com, and programs aimed at affordability and food access, such as the Verified Savings Program and Yearly Checkout savings summaries. For anyone tracking KR, this news feed offers a consolidated view of how Kroger manages merchandising, health, technology, and community initiatives over time.
Home Chef, a leading meal solutions company, is partnering with Kids Eat in Color's Jennifer Anderson, MSPH, RDN, to offer a -time menu of wholesome, family-friendly meals. This collaboration brings dietitian-approved, kid-tested recipes with pre-portioned ingredients delivered to customers' doors. The menu features creative, colorful recipes designed for kids' enjoyment, ease, and nourishment.
The partnership aims to make mealtime easier and more enjoyable for busy families. Home Chef will donate $1 for each Kids Eat in Color recipe ordered to Feeding America®'s efforts to help end hunger, up to $10,000. The menu is available to order now through October 18, with two dietitian-created meals featured per week for four weeks on Home Chef's Family Menu.
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is September 27, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash.
The exchange offers and consent solicitations are conditional upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. Kroger may further extend the expiration date if necessary.
The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate.
The Kroger Co. (NYSE: KR) has announced a quarterly dividend of 32 cents per share, payable on December 1, 2024, to shareholders of record as of November 15, 2024. This decision was made by Kroger's Board of Directors on September 19, 2024. The company's quarterly dividend has shown impressive growth, with a 13.5% compounded annual growth rate since its reinstatement in 2006. Kroger expects to continue increasing dividends over time, subject to board approval.
Kroger's capital allocation strategy focuses on using free cash flow to invest in business growth, maintain its investment grade debt rating, and return capital to shareholders. The company aims to balance these goals effectively.
Kroger has announced its annual Hunger Action Month campaign for September 2024, directing all funds raised in Kroger Family of Stores to the Feeding America network of food banks. Customers can round up their purchases to the nearest dollar to help fight hunger. Since 2017, Kroger has provided over 3.4 billion meals and aims to donate 10 billion meals by 2030.
Kroger has donated $3 million to Feeding America this year and raised nearly $600,000 during last year's Hunger Action Month. The company is also supporting local initiatives across its divisions, including peanut butter drives and school supply programs. Kroger's Zero Hunger | Zero Waste Foundation has provided $1.5 billion for hunger relief since 2017, including nearly 700 million pounds of surplus fresh food donations.
Home Chef, a leading meal solutions company, has partnered with Dolly Parton and her sister Rachel Parton George for a -time meal kit collaboration. The partnership features recipes from the sisters' new cookbook, 'Good Lookin' Cookin''. The four-week collaboration offers meals inspired by their family recipes, available in various formats including Meal Kit, Express Plus, and Culinary Collection.
Customers can order the Good Lookin' Cookin' collection until October 18. Menu highlights include Fried Chicken and Gravy, Family Favorite Meatloaf, and Sirloin Steak with Blue Cheese Butter. Home Chef is also running a giveaway offering five winners a signed cookbook and a $150 gift card. New customers can use the code 'GETCOOKIN' for 18 free meals and free shipping.
Kroger (NYSE: KR) has introduced new Disney and Pixar-inspired cakes in its stores nationwide. These cakes, featuring designs from Cars and Toy Story, were created by Kroger associates during the 2024 Cake Challenge. The competition, held in January, brought together top Certified Cake Decorators from 20 divisions, with representatives from Disney and DecoPac judging the entries.
The winning designs include a Cars Sheet Cake with Lightning McQueen, Cruz Ramirez, and Jackson Storm, and a Toy Story Sheet Cake with a 3D Woody decoration. Josh Harpole, VP of Deli and Bakery at Kroger, emphasized the importance of cake decorators in customers' special moments. Customers can order these cakes in-store or online, bringing a touch of Disney magic to their celebrations.
Kroger (NYSE: KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE: ACI) notes. The new expiration date is September 23, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are contingent on the closing of Kroger's merger with ACI, expected in Q4 2024. As of August 29, 2024, the requisite consents were received for the Consented Series, with supplemental indentures executed. The Proposed Amendments will become operative upon settlement of the Exchange Offers. Kroger may further extend the Expiration Date and anticipates providing advance notice of any such extension.
Kroger (NYSE: KR) has been recognized by Newsweek as one of the "World's Most Trustworthy Companies" for 2024. This recognition is based on an independent survey of over 70,000 participants, evaluating companies that have earned the confidence of consumers, investors, and employees. Kroger's chairman and CEO, Rodney McMullen, attributes this trust to the company's Fresh for Everyone promise and the dedication of its associates.
The retailer is also known for its Zero Hunger | Zero Waste impact plan, which has directed more than 3.4 billion meals to end hunger since 2017. Kroger aims to donate 10 billion meals by 2030, following the completion of its merger with Albertsons Cos. Additionally, Kroger has been recognized for its workplace culture, diversity initiatives, and commitment to creating an inclusive environment for all employees.
Kroger (NYSE: KR) reported solid Q2 2024 results, with identical sales without fuel increasing 1.2%. The company achieved operating profit of $815 million and EPS of $0.64. Adjusted FIFO operating profit was $984 million, with adjusted EPS at $0.93. Kroger grew digital sales by 11% and increased total households, customer visits, and loyal households. The company updated its full-year identical sales without fuel guidance to 0.75% - 1.75%. Kroger reaffirmed its adjusted FIFO operating profit guidance of $4.6 - $4.8 billion and adjusted EPS guidance of $4.30 - $4.50. The company remains confident in its pending merger with Albertsons, citing potential benefits such as lower prices and expanded access to fresh, affordable food.
Kroger (NYSE:KR) has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies, Inc. (NYSE:ACI) notes from September 13, 2024, to September 17, 2024. The exchange offers involve up to $7,441,608,000 aggregate principal amount of new Kroger notes and cash. As of September 11, 2024, significant portions of various ACI note series have been tendered, with many exceeding 90% participation. The exchange offers and consent solicitations are conditional upon the closing of Kroger's merger with ACI, expected in Q4 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers remain subject to certain conditions and are only available to qualified institutional buyers or non-U.S. persons outside the United States.
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