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.
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.
The Kroger Co. and Procter & Gamble have launched the third year of their Game Changers program in conjunction with the LPGA's Kroger Queen City Championship. This initiative aims to advance women in sports, business, and education. Key highlights include:
- Over 400 women supported since the program's inception
- Nearly $100,000 awarded in scholarships
- 260+ graduates from the leadership program, with 25% of corporate participants earning promotions
- 23 female students to receive $2,000 scholarships in 2024
- The LPGA tournament will run from September 19-22 at TPC River's Bend
The event will feature various fan activations and amenities sponsored by P&G brands, including a Pampers Family Center, Gillette Venus Junior Day, and multiple brand-sponsored areas in the Fan Zone.
Harris Teeter (NYSE: KR) announced that the updated 2024–2025 COVID-19 vaccine is available at all Harris Teeter pharmacies, alongside flu and RSV vaccines.
The chain encourages customers to schedule appointments or walk in, offers a range of year‑round immunizations, and is providing a $5 grocery coupon for a flu shot or a $15 coupon for a flu shot plus an additional vaccine the same day (exclusions apply). The announcement notes CDC guidance for ages 6 months and older and emphasizes vaccine convenience and community protection.
Kroger (NYSE: KR) announces the return of its Private Selection® Harvest Apple collection, featuring -edition fall-themed products available in stores starting September 8, 2024. The lineup includes customer favorites and new additions like Spiced Apple Cider and Caramel Apple Popcorn. The collection showcases autumn flavors such as cinnamon, clove, and caramel across various products including beverages, snacks, and baked goods.
Kroger aims to enhance the fall experience for customers with these exclusive offerings, available only in-store while supplies last. The company also provides Harvest Apple recipes and encourages customers to explore savings through digital coupons and the Boost by Kroger Plus membership program.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), has announced a new incentive program to encourage customers to get vaccinated before peak flu season. Customers can receive a $5 off coupon for getting a flu vaccine and a $20 off coupon when receiving a flu vaccine along with any additional vaccine during the same visit. The offer is valid for certain individuals under 65 at participating Kroger Family of Pharmacies or The Little Clinic locations, excluding Arkansas and Alabama.
Colleen Lindholz, president of Kroger Health, emphasized the importance of vaccines in protecting customers and contributing to healthy communities. The promotion aims to motivate people to take the important step of getting vaccinated this season. Customers must mention the offer at the time of vaccination to obtain the savings, which will be loaded onto loyalty cards or provided as paper coupons.
Kroger (NYSE: KR) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Thursday, September 12, 2024, at 10:00 a.m. ET. During this call, Kroger's management team will provide insights into the company's financial and operational performance for Q2 2024.
Investors and interested parties can access the live broadcast of the presentation online at ir.kroger.com by clicking on the 'Quarterly Results' section. For those unable to attend the live event, an on-demand replay of the webcast will be made available at approximately 1:00 p.m. ET on the same day.
This announcement highlights Kroger's commitment to transparency and shareholder communication, providing a platform for investors to gain valuable insights into the company's recent performance and future outlook.