Kroger Stock Price, News & Analysis

Kroger Co. (NYSE: KR) has released its 2023 Food Trends Report, highlighting the continued trend of home cooking as consumers shift towards celebrating special moments with family and friends. As pandemic concerns decline, customers are embracing cooking at home to save money. The report emphasizes the popularity of celebratory foods, with items like cheese and cheesecake gaining traction. Additionally, the report suggests a rise in seafood consumption and global flavors. Kroger also promotes its Boost membership service, which can save consumers up to $1,000 annually on grocery delivery.

Kroger Health has launched a clinical trial site network aimed at enhancing access to colorectal cancer research. In collaboration with Persephone Biosciences, they are actively recruiting participants for the ARGONAUT clinical study, which investigates microbiome-based biomarkers for colorectal cancer. The initiative begins in Toledo, Ohio, with plans to enroll 55 individuals with varying risk levels.

With a significant presence in socially vulnerable areas, Kroger aims to utilize its pharmacy network to improve healthcare accessibility. The trial leverages data analytic capabilities and patient engagement tools to enhance recruitment and retention throughout the study.

The Kroger Co. (NYSE: KR) announced that its Community Rewards program has contributed over $200 million to local charities since its inception in 2017. The program enables loyalty members to choose local nonprofits to benefit from their purchases. Thousands of organizations, including schools and youth sports, have received funding, showcasing Kroger's commitment to community support. CEO Rodney McMullen emphasized the program's ease of participation and the importance of customer involvement in charitable contributions. Customers can track their donations quarterly via their Kroger accounts.

The Kroger Co. (NYSE: KR) has declared a quarterly dividend of 26 cents per share, scheduled for payment on March 1, 2023. Shareholders of record as of February 15, 2023 will receive this dividend. Since its reinstatement in 2006, Kroger's quarterly dividend has grown at a compounded annual growth rate of 14%. The company's strategy focuses on utilizing free cash flow for business investments, maintaining its investment-grade debt rating, and returning capital to shareholders. Furthermore, Kroger expects to increase dividends over time, pending board approval.

The Kroger Co. (NYSE: KR) participated in the National Retail Federation Big Show 2023, where Chairman and CEO Rodney McMullen discussed the company's customer-centric approach amid an evolving grocery landscape. He emphasized the importance of providing excellent service, investing in associates, and addressing community needs, particularly through the Zero Hunger | Zero Waste initiative. Since its inception in 2017, this initiative has contributed to billions of meal donations and significant food waste reduction. Kroger has also been recognized by Newsweek as one of America's Most Responsible Companies for 2023, reflecting its commitment to corporate responsibility.

Home Chef is offering a unique opportunity for individuals to kickstart their New Year goals by sponsoring one winner with $5,000 in cash and a year's supply of meals. Participants can submit their goals through www.freshstarthomechef.com by January 31. The initiative aims to support individuals in achieving aspirations beyond cooking, like mental health and personal growth. Furthermore, Home Chef will select ten additional participants to receive three months' worth of meals. Winners will be notified by February 15, 2023.

Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), launched a new brand campaign titled 'A World of Care is In-Store.' This initiative emphasizes the accessibility of health services at local Kroger stores, where 24,000 health professionals provide care. The campaign aims to transform healthcare delivery through various services including diagnostics and wellness visits. Kroger Health's role was enhanced during the pandemic, administering over 12 million COVID-19 vaccines across 35 states. Through this campaign, the company aims to highlight its commitment to community health and wellness.

Kroger Co. (NYSE: KR) recently shared insights into how Americans are preparing for the holiday season, highlighting favorites like deli trays, cheesecakes, and various cheeses, with expectations of 1.6 million pounds of cheese sold. The emphasis is on providing quality, affordable products accessible both in-store and online. Customers are also projected to purchase 800,000 pounds of Private Selection Cheesecake. Kroger's Boost membership offers savings on fuel and delivery, enhancing shopping convenience. The grocer aims to create memorable holiday experiences for families.