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The Kroger Co. - $KR STOCK NEWS

Welcome to our dedicated page for The Kroger Co. news (Ticker: $KR), a resource for investors and traders seeking the latest updates and insights on The Kroger Co. stock.

The Kroger Co. (NYSE: KR) is a premier retail giant and one of the largest grocery retailers in the United States. With more than 2,425 supermarkets and multi-department stores spanning across 31 states, Kroger operates under a wide array of local banner names including Kroger, City Market, Dillon's, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs, and Smith's. Additionally, the company boasts 789 convenience stores, 337 fine jewelry stores, 1,109 supermarket fuel centers, and 38 food processing plants in the U.S.

Kroger is not just about grocery retailing. It offers a diversified portfolio of services and products, including 80+ “The Little Clinic” retail healthcare sites, pharmacies in 80% of its locations, and fuel stations at 60% of its stores. Kroger's private-label products contribute significantly to its revenue, with around 30% of units produced in-house in its 33 food production plants.

The company is recognized for its commitment to the community and social responsibility. It supports numerous initiatives such as hunger relief, breast cancer awareness, military family support, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 160 million meals annually through its partnerships with over 80 Feeding America food banks.

Financially, Kroger has maintained robust performance, evidenced by its 2023 fiscal year results. Total company sales reached $150.0 billion, including $2.7 billion from the 53rd week. The company also continues to innovate and expand, as seen in its recent launch of MCoBeauty in the U.S., exclusive to Kroger stores.

Kroger's strategy for growth includes leveraging its “Leading with Fresh” and “Accelerating with Digital” platforms. The company is continually investing in its seamless shopping experience, digital innovation, and associate welfare, aiming to create a sustainable growth model. Recent initiatives include the sale of its specialty pharmacy business to CarelonRx and the introduction of SDS for HD, a coastal living home décor collection in collaboration with Bravo Reality Personality Craig Conover.

Furthermore, Kroger's proposed merger with Albertsons aims to expand its market reach, bringing even more choices and lower prices to consumers while securing the long-term future of unionized grocery jobs. The merger is expected to enhance competition, increase local product offerings, and maintain job security for frontline associates.

To stay updated on Kroger’s latest financial performance, growth strategies, and community initiatives, visit Kroger’s newsroom and investor relations site.

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The Kroger Co. (NYSE: KR) announced its seasonal eating guide, highlighting fresh fruits, vegetables, and greens available for spring and summer. Customers can enjoy in-season items like strawberries, pineapples, asparagus, and kale. Kroger offers fresh-cut produce, ready-to-eat meals, and numerous recipes for the season. The retailer promotes its OptUP nutrition rating system accessible via app or website, helping customers make healthier choices. Additionally, Kroger supports food and OTC benefit cards, enhancing affordability for eligible purchasers. Boost by Kroger Plus offers significant savings on groceries and fuel, with a free trial available.

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Kroger Health is expanding its senior-focused primary care services through a collaboration with Better Health Group. Starting May 14, 2024, these services will be available at eight locations of The Little Clinic in Atlanta, Georgia. This initiative aims to address the growing healthcare needs of seniors, particularly in medically underserved counties. The services include annual wellness visits, preventive care, disease management, personalized care plans, and access to Kroger Health's additional services like nutrition counseling and comprehensive medication reviews. This effort primarily targets Medicare Advantage and traditional Medicare beneficiaries, aiming to improve health outcomes and patient experience.

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The Kroger Co. (NYSE: KR) has been awarded the 2024 Platinum Bell Seal for Workplace Mental Health by Mental Health America (MHA) for the third consecutive year. This program recognizes employers who prioritize mental health in the workplace. Kroger's commitment to associate mental health and well-being was highlighted in four key areas, earning a 100% in wellness programs. The retailer offers various resources and benefits to support mental health, including the Well-Being Assistant and virtual counseling sessions.

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On May 2, 2024, Kroger Co. (NYSE: KR) shared a Mother's Day gift guide to honor moms with thoughtful and convenient gift ideas. The retailer aims to make Mother's Day celebrations special, offering a variety of gift options from brunch items to pampering products. Mike Murphy, Kroger's group vice president, highlighted the importance of honoring moms and providing ways to make the occasion memorable.

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Kroger is celebrating the Kentucky Derby by sharing traditional recipes and traditions ahead of the 150th anniversary. The retailer is offering a new take on classic Derby dishes like Kentucky Hot Brown and Mint Juleps. Kroger has a longstanding history with the Derby, crafting the 'Garland of Roses' given to the winning thoroughbred since 1987. Customers can find Derby-themed products and savings on Kroger.com or the Kroger app, with over $600 in weekly digital coupons. Shopping is made convenient through in-store, Kroger Pickup, and Delivery options, with additional fuel and grocery delivery savings through Boost by Kroger membership.

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Kroger, Albertsons Companies, and C&S Wholesale Grocers, have announced an updated divestiture plan to address regulatory concerns and enhance competition in overlap geographies. The amended package includes an expanded store set and additional assets to ensure competitive operations post-merger. With a focus on maintaining commitments to customers, associates, and communities, the plan aims to bolster the companies' position in regulatory challenges. The proposed merger will bring lower prices, more choices, and secure the future of unionized grocery jobs, creating meaningful benefits for consumers and communities.
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Kroger, a leading retail company, is actively hiring new associates for various roles in retail, supply chain, healthcare, and delivery to meet staffing needs for the spring season. The company aims to fill positions ranging from cashiers to pharmacy technicians and delivery drivers.
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Kroger launches SDS for HD, a home décor collection by Craig Conover, exclusively at Kroger Family of Stores, featuring kitchen accessories, entertaining must-haves, and beach items. The collaboration aims to bring classic coastal living to everyday moments, with over 40 products to add southern charm to dinner parties. Seasonal collections from spring to fall are planned, making Kroger stores a destination for exclusive items.
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Kroger Co. celebrates Latin cuisine and culinary tradition with a four-week Latin flavors event leading up to Cinco de Mayo. Customers can enjoy a variety of Latin-inspired recipes, products, and savings in-store and online. The event aims to spark new culinary adventures with vibrant tastes and authentic recipes.
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Kroger (KR) partners with MCoBeauty, Australia's fastest-growing beauty brand, to launch over 250 makeup and skincare products exclusively at Kroger Family of Stores. The collaboration aims to offer affordable and innovative beauty solutions under $30, catering to beauty enthusiasts across America. Customers can access trending items like XtendLash Tubular Mascara, Super Glow Bronzing Drops, Flawless Glow Luminous Filter Foundation, Lip Oil Hydrating Treatment, Liquid Highlight & Glow Beauty Wand, and Instant Contour Cream Bronzer. The partnership provides accessibility through in-store shopping, Kroger Pickup, and Delivery, with additional savings through Boost by Kroger Plus membership. Kroger Family of Companies Rewards World Elite Mastercard® cardmembers can benefit from exclusive offers and discounts.
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FAQ

What services does The Kroger Co. provide?

Kroger operates over 2,425 supermarkets, 789 convenience stores, 337 fine jewelry stores, and 1,109 fuel centers. It also provides healthcare services through 'The Little Clinic' and pharmacies at 80% of its locations.

How is Kroger involved in community support?

Kroger supports hunger relief, breast cancer awareness, military families, and over 30,000 schools and grassroots organizations. It contributes food and funds equivalent to 160 million meals annually through partnerships with over 80 Feeding America food banks.

What are some of Kroger’s recent expansions?

Recent expansions include the launch of MCoBeauty in the U.S., the sale of its specialty pharmacy business to CarelonRx, and the introduction of SDS for HD, a home décor collection.

What financial achievements has Kroger made recently?

In fiscal 2023, Kroger achieved $150.0 billion in total sales, with significant improvements in gross margin rates and strategic investments in wages and benefits for associates.

What is the significance of the Kroger-Albertsons merger?

The merger aims to expand market reach, bring more choices and lower prices to consumers, and secure the long-term future of unionized grocery jobs. It includes a comprehensive divestiture package to address regulatory concerns.

How does Kroger ensure sustainable growth?

Kroger's growth strategy includes 'Leading with Fresh' and 'Accelerating with Digital,' investing in a seamless shopping experience, digital innovation, and associate welfare to create a sustainable growth model.

What role do private-label products play in Kroger's business?

Private-label products account for over one-fourth of Kroger’s food sales, with about 30% of these products manufactured in-house across its 33 food production plants.

How does Kroger utilize technology and digital platforms?

Kroger invests heavily in digital innovation, offering a seamless shopping experience through its online platforms, digital coupons, and 'Boost by Kroger Plus,' which provides exclusive savings and delivery options.

What are Kroger's key financial strategies?

Kroger focuses on generating strong free cash flow, maintaining investment-grade debt, paying quarterly dividends, and investing in the business for sustainable earnings growth. The company has paused share repurchases to prioritize de-leveraging post-merger.

How can I stay updated on Kroger's latest news and updates?

Visit Kroger’s newsroom and investor relations site for the latest updates on financial performance, growth strategies, and community initiatives.

The Kroger Co.

NYSE:KR

KR Rankings

KR Stock Data

37.82B
740.96M
7.65%
76.48%
2.16%
Supermarkets and Other Grocery (except Convenience) Stores
Retail Trade
Link
United States of America
CINCINNATI