Kroger Stock Price, News & Analysis

The Kroger Co. (NYSE: KR) announced its Thanksgiving sales projections, expecting to sell 55 million pounds of turkey and more than 6 million pounds of cranberries. A survey by 84.51º indicates that 85% of customers plan to celebrate with traditional meals. In addition to turkey, Kroger highlighted new product offerings such as a half-pumpkin and half-pecan pie. Customers are also opting for seasonal cocktails. Kroger's Our Brands' products aim to make holiday meals affordable, featuring items like Private Selection Cheesecake Bites and Kroger Pumpkin Pie Ice Cream.

Kroger Co. (NYSE: KR) announced it will host its third quarter 2022 earnings conference call on December 1, 2022, at 9:00 a.m. ET. The management team will discuss the financial and operational results for the third quarter, which ended on November 5, 2022. The call will be available online, and a replay will be accessible around 1 p.m. ET on the same day. This event is part of Kroger's commitment to transparency and communication with investors.

The Kroger Co. Foundation has announced the Kroger Scholars for the 2022-2023 academic year, awarding $300,000 to 120 students, each receiving $2,500 for accredited education. Since its launch in 2008, the program has distributed over $4.5 million in scholarships to children of Kroger associates. Applicants were selected based on criteria including volunteering, academic performance, and extracurricular activities. Additionally, Kroger offers a tuition reimbursement program, contributing up to $21,000 for both part-time and full-time associates.

The Kroger Co. (NYSE: KR) released a holiday shopping guide aimed at helping families navigate inflation challenges by offering meals for 10 people at $5 per person. Despite a 20-cent increase in turkey price per pound, Kroger will absorb these costs, keeping prices low for customers. The guide includes traditional Thanksgiving items and emphasizes the quality of Kroger's products. Additionally, Kroger is increasing promotions and offers to lower prices during the holiday season, while also committing to donate one million meals to Feeding America as part of its social responsibility initiatives.

Ralphs Grocery Company shared insights into Southern California's favorite Thanksgiving side dishes, expecting mashed potatoes to top the list this year. Other anticipated favorites include stuffing, green bean casserole, cranberry sauce, and sweet potatoes. Ralphs also promotes its 2022 brand film highlighting holiday memories and offers services like Ralphs Pickup and Delivery for convenient shopping. Additionally, the Boost by Ralphs membership promises to save customers over $1,000 annually on grocery delivery. Ralphs is a subsidiary of Kroger, operating 184 supermarkets across Southern California.

The Kroger Co. (NYSE: KR) announced a virtual career expo for veterans and military families on November 10, 2022, from 1-2 p.m. ET. The event aims to connect veterans with job opportunities and features insights from veteran leaders within the organization. Over the last decade, Kroger has hired more than 50,000 veterans, recognizing their unique skills. Senior executives emphasize the importance of providing meaningful careers for service members and their families, showcasing Kroger's commitment to supporting their transition into civilian roles.

The Kroger Co. (NYSE: KR) launched its 2022 holiday film, "Today's Holiday Moments are Tomorrow's Memories," showcasing a family's holiday memories centered around food. The film features a Kroji character and was created with production company Hornet and agency DDB. It features a rendition of "Iris" by Colbie Caillat, enhancing the emotional narrative. The campaign, emphasizing food's role in holiday traditions, will air during major Thanksgiving events and includes a printable coloring book. Kroger aims to inspire customers by highlighting memorable moments shared over meals.

Kroger/Ralphs and Cardinal Health are partnering for annual drug take back events on October 29, 2022, at over 150 pharmacy locations nationwide. This initiative aims to combat the rising misuse of prescription medications, as 66% of U.S. adults use them. Events will feature law enforcement onsite for safe disposal of expired drugs. Participating Ralphs locations in Southern California will operate from 10 a.m. to 2 p.m.. The collaboration continues Cardinal Health's Generation Rx program, emphasizing safe medication use.