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.
Kroger Co. (NYSE: KR) maintains its position as a leading U.S. food retailer through strategic initiatives across physical and digital markets. This news hub provides investors with essential updates on corporate developments, financial performance, and industry leadership.
Access timely press releases covering quarterly earnings, store expansions, sustainability efforts, and technological innovations. Our curated collection includes analysis of merger activity, private-label growth strategies, and competitive positioning within the grocery sector.
Key updates feature operational milestones like digital platform enhancements, pharmacy network developments, and community partnership programs. Track KR's responses to market trends, supply chain optimizations, and shareholder value initiatives through verified primary sources.
Bookmark this page for structured access to KR's official communications, enabling informed analysis of revenue drivers and long-term strategic direction. Regular updates ensure awareness of material developments affecting investment considerations.
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.
Kroger (NYSE: KR) announces its first-ever Hour Back Box initiative to help customers adjust to daylight saving time. The -edition boxes contain Our Brands breakfast essentials, including Private Selection Cold Brew Coffee Concentrate, Simple Truth Oatmilk Creamer, and Kroger Frozen Breakfast Sandwiches. Each box includes a gift card for a one-year Kroger Boost membership ($59 value).
The promotion launches March 4, 2025, at 12 p.m. EST with free boxes available on a first-come, first-served basis. Additionally, starting March 7, customers can claim one of 39,000 free breakfast items through a digital coupon redeemable at Kroger stores or online. The Boost membership offers benefits including free grocery delivery (minimum $35 order), 2X fuel points, and potential savings of up to $1,100 per year.
Kroger (NYSE: KR) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, March 6, 2025, at 10:00 a.m. ET. During the call, the management team will discuss the company's financial and operational performance for both the fourth quarter and the full year 2024.
The presentation will be accessible to investors and the public through a live webcast on Kroger's investor relations website (ir.kroger.com) under the 'Quarterly Results' section. For those unable to attend the live session, an on-demand replay will become available at approximately 1:00 p.m. ET on the same day.
Kroger (NYSE: KR) announced details about its Express Delivery service, powered by Instacart, offering customers rapid delivery of groceries at in-store prices. The service is accessible through Kroger's website and digital app, maintaining the same prices, savings, and rewards as in-store shopping.
The company also highlighted additional quick delivery options including: Free Pickup in as little as two hours for orders over $35, Two-Hour Delivery service, and Kroger Delivery via refrigerated Blue Trucks. The Boost by Kroger Plus membership program offers potential savings up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a subsidiary of Kroger (NYSE: KR), has announced a four-week partnership with chef and entrepreneur Ayesha Curry to offer exclusive recipes through their meal kit service. The collaboration, running until March 14, features dishes from Curry's kitchen and cookbooks, available in various formats including Classic Meal Kit, Express Plus, and Culinary Collection.
The menu includes specialties like Jerk-Style Chicken, Sweet Sambal Yellowtail, and Pan-Seared Filet Mignon. New customers can use code 'CHEFCURRY' for meals at $4.99 per serving plus free shipping. The company is also running a giveaway through March 4, offering five winners beverage pairings and a $100 Home Chef gift card.
Kroger (NYSE: KR) has announced its CFO succession plan, with David Kennerley, currently senior vice president and CFO of PepsiCo Europe, appointed as the new Chief Financial Officer effective April 3. Kennerley will join Kroger on March 10, while current interim CFO Todd Foley will continue through the fiscal year 2024 reporting cycle and remain as senior vice president during the first quarter to ensure a smooth transition.
Foley, who joined Kroger in 2001, has served in various financial roles including audit manager, controller, vice president and treasurer before stepping into the interim CFO role in 2024. Kennerley brings nearly 25 years of experience from PepsiCo, where he has held various finance leadership positions across international markets since 2001, most recently serving as CFO for PepsiCo Europe since March 2020.
Kroger (NYSE: KR) announces its Valentine's Day offerings, featuring Bloom Haus floral bouquets with on-demand delivery through DoorDash and Uber Eats from over 1,700 locations nationwide. DoorDash is offering $20 off Bloom Haus orders of $40+ through February 15.
The retailer introduces special promotions including: buy-one-get-20%-off sushi items (Feb 12-15), 50% off MCoBeauty products (Feb 9-Mar 1), and 25% off Valentine's candy hearts $12.99+ (Feb 7-9). The company is also featuring heart-shaped sushi platters, fresh-dipped strawberries, and Murray's Cheese 'Brie Mine' in-store tasting events on February 14.
Customers can access over $600 in weekly digital savings through Kroger's app and website, with additional benefits available through the Boost by Kroger Plus membership program, offering potential savings up to $1,100 per year on fuel, delivery, and streaming services.
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