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The Kroger Co. (KR) Stock News, Apr-May 2024

KR NYSE

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.

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Kroger has been named one of America's most visible and trusted companies in the 2024 Axios Harris Poll 100. The poll evaluates companies based on ethics, trust, vision, and products and services. Kroger's ongoing commitment to its Zero Hunger | Zero Waste plan has provided $1.5 billion to hunger relief and rescued 696 million pounds of surplus fresh food. The company is also recognized for its industry-leading benefits and inclusivity, earning accolades from various organizations. Its proposed merger with Albertsons aims to deliver lower prices, more choices, and stable employment, further benefiting associates, customers, and communities.

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Kroger Health, the healthcare arm of The Kroger Co. (NYSE: KR), announced the Nourishing Change Conference scheduled for July 15-17, 2024, in Cincinnati. This event aims to explore nutrition, technology, and health innovations to improve community well-being. Key themes include tackling health inequities with technology, addressing nutrition gaps, and managing weight and diabetes. The conference features networking events, panel discussions, and an emerging brands competition. Keynote speaker Padma Lakshmi, a notable television host and food expert, will also address the attendees. Registration is open to the public.

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Kroger (NYSE: KR) celebrates National Pet Month by introducing new Abound pet food products with redesigned packaging. The new Abound line features premium, nutrient-dense ingredients, including meat, poultry, and fish as primary components. New products include Abound Wild Beginnings Beef Venison & Lamb Adult Dry Dog Food and Abound Pro + Sensitive Skin & Stomach Dry Cat Food, among others. These products are available in-store and online through Kroger Pickup and Delivery, with savings opportunities like the Boost membership offering up to $1,000 annual savings on fuel and grocery delivery.

Additionally, Kroger Family of Companies Rewards World Elite Mastercard® cardmembers can redeem exclusive offers like a free one-year Boost membership extension. Kroger emphasizes providing high-quality pet food at low prices, ensuring accessible nutrition for pets.

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Kroger announced convenient and customizable party solutions for grad season. The retailer offers catering options such as custom cakes, sushi trays, deli meat and cheese platters, salads, fruits, veggies, and more. Customers can personalize graduation cakes and use Kroger’s cake calculator to find the perfect size. Party trays include fresh fruit, veggie trays, gourmet cheese packs, pretzel bites, and charcuterie with spinach artichoke dip. Kroger also provides grilling staples, sides, appetizers, drinks, and party supplies. Customers can shop these items in-store or via Kroger Pickup and Delivery, with additional savings through the Boost membership. Eligible customers can try Boost for free for 30 days, with savings on fuel and grocery delivery. Kroger Rewards World Elite Mastercard cardmembers can get a free one-year Boost membership.

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Kroger is celebrating Memorial Day by offering a grilling bundle at locked-in-low prices, starting at $4 per person.

The bundle includes essentials like hamburger patties, cheese, buns, condiments, baked beans, chips, salad, and sugar cookies.

Kroger has hired over 50,000 veterans in the past decade and is the largest cumulative donor to the USO.

The retailer also offers savings on various summer items such as hot dogs, pork spareribs, brownies, and more.

Customers can find further discounts online, in-store, or via the Kroger app and can save up to $1,000 annually with the Boost by Kroger Plus membership.

Kroger Rewards World Elite Mastercard holders can get a free one-year Boost membership or a one-year extension.

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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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FAQ

What is the current stock price of The Kroger (KR)?

The Kroger (KR) last closed at $68.97.

What is the market cap of The Kroger (KR)?

The market cap of The Kroger (KR) is approximately $40.7B.