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.
The Kroger Co. (NYSE: KR) generates a steady flow of news that reflects its role as a large U.S. grocery retailer and digital food platform. Company announcements span grocery merchandising, health and wellness, digital innovation, partnerships, and community impact, giving investors and customers insight into how Kroger evolves its business and serves shoppers.
Recent news highlights include seasonal product launches under Kroger’s Our Brands portfolio, such as the Private Selection Harvest Apple collection, which showcases limited-edition fall flavors across beverages, snacks, and bakery items. Kroger also shares annual food trend predictions developed by its food experts, connecting emerging customer preferences to specific products in its exclusive brands.
Kroger Health and The Little Clinic are frequent subjects of updates, including vaccination campaigns that offer savings incentives for customers who receive flu and other vaccines at Kroger pharmacies or clinics. These stories illustrate how the company integrates healthcare services and the "food as medicine" concept into the grocery experience.
On the digital front, Kroger news covers partnerships and technology initiatives, such as the nationwide launch of thousands of Kroger Family of Companies locations on Uber Eats, Uber, and Postmates for on-demand grocery delivery. The company also reports on its expanded relationship with Google Cloud, where it plans to use Gemini Enterprise for Customer Experience to power an AI-based shopping and meal assistant.
Corporate updates include leadership changes, the sale of non-core assets like Vitacost.com, and programs aimed at affordability and food access, such as the Verified Savings Program and Yearly Checkout savings summaries. For anyone tracking KR, this news feed offers a consolidated view of how Kroger manages merchandising, health, technology, and community initiatives over time.
The Kroger Co. (NYSE: KR) recently opened a new Customer Fulfillment Center (CFC) in Aurora, Colorado, expanding its delivery services in the Denver Metro area. The 300,000 sq. ft. facility will create over 200 jobs and enhance access to fresh groceries. Customers can order products directly to their homes, benefiting from personalized digital coupons and a membership program offering free delivery. The facility employs advanced technology for efficient deliveries, with a focus on customer satisfaction. Kroger's collaboration with Ocado boosts its e-commerce capabilities, supporting expansion plans across the U.S.
Food 4 Less/Foods Co. is hosting hiring events from March 17 to May 13, 2023, seeking to fill salaried and hourly positions in retail, supply chain, and manufacturing. Weekly in-store events will occur every Tuesday from 4:00 p.m. to 7:00 p.m. Potential candidates can also join virtual sessions on April 4 and May 2 from 1:00 p.m. to 4:00 p.m. EST. Interested applicants are encouraged to complete online applications before attending. The company offers comprehensive benefits, continued education, and wellness resources, illustrating its commitment to associate development. Food 4 Less is a subsidiary of Kroger (NYSE: KR), operating over 121 supermarkets in various states.
Hapi Water has expanded its distribution by partnering with Harris Teeter, making its sugar-free flavored water available in 250 grocery stores across North Carolina, South Carolina, Virginia, Georgia, Maryland, Delaware, Florida, and Washington. This partnership aims to align with Harris Teeter's commitment to offering healthy products. Hapi Water provides a tasty alternative to sugary drinks, with zero calories and sugar, and is available in four flavors: Sunny Strawberry Kiwi, Pure Punch, Apple Joy, and Grape D'Vine. The product is packaged conveniently in 6-ounce pouches and is marketed towards both children and adults.
Ralphs Grocery Company is actively hiring for various positions in retail, supply chain, and manufacturing, with events commencing on March 13, 2023. Interested candidates can attend weekly hiring events every Tuesday from 4:00 PM to 7:00 PM until May 13, 2023, at in-store locations. Virtual sessions are also available on April 4 and May 2, 2023, from 1:00 PM to 4:00 PM EST. Prospective associates should apply online beforehand and can expect resources like comprehensive wage packages, tuition reimbursement, training, and health benefits. Ralphs, a subsidiary of Kroger (NYSE:KR), operates 184 supermarkets in Southern California.
The Postal Prescription Service (PPS) disclosed an internal error on January 10, 2023, where patient names and email addresses were improperly shared with an affiliated grocery business, The Kroger Co. (KR). The data breach affected individuals who created an online PPS account between July 2014 and January 13, 2023. Importantly, no financial or clinical data was disclosed. Kroger is reviewing its procedures to prevent future incidents. Affected individuals have been notified, and customers are encouraged to monitor their accounts for suspicious activity.
The Kroger Co. (NYSE: KR) has announced a quarterly dividend of 26 cents per share, payable on June 1, 2023, to shareholders on record by May 15, 2023. This dividend reflects a consistent growth trend, achieving a double-digit compounded annual growth rate since its reinstatement in 2006. Kroger aims to continue increasing dividends over time, underscoring its commitment to returning capital to shareholders while investing in long-term earnings growth. The company balances its free cash flow efficiently, maintaining an investment-grade debt rating amidst various market challenges.
Home Chef, a leading meal solutions brand, will establish its fourth production facility in
Kroger (NYSE: KR) announced an investment of over $770 million in 2023 to enhance associate wages and benefits. This initiative will raise average hourly rates and improve healthcare and training opportunities. Since 2018, Kroger has invested $1.9 billion towards wages and benefits, increasing average hourly rates to $18 to $23.50 per hour. The investment includes educational benefits of up to $21,000, accessible healthcare, free financial coaching, and a streamlined onboarding process. The company emphasizes that investing in its associates promotes overall well-being, benefiting both employees and customers.
The Kroger Co. (NYSE: KR) reported strong fourth quarter and fiscal 2022 results, with identical sales without fuel increasing by 6.2% in Q4 and 5.6% for the fiscal year. Operating profit for Q4 reached $826 million, while adjusted EPS rose to $0.99. For 2022, total company sales hit $148.3 billion, with a 15% growth in adjusted EPS to $4.23. Notably, Kroger has committed over $1.9 billion in incremental wages since 2018 and expects to maintain its quarterly dividend. However, the termination of its agreement with Express Scripts impacted pharmacy sales. Looking ahead, the company projects identical sales growth of 1-2% for 2023.
The Teamsters Warehouse Division has held meetings regarding Kroger's proposed acquisition of Albertsons, announced in October 2022. Over 20,000 Teamsters at Kroger and Albertsons are affected by this merger. The union has expressed concerns about job security, automation, and potential divestitures needed for regulatory approval, emphasizing that collaboration with organized labor is crucial for success. Director Tom Erickson highlighted the union's commitment to ensuring that both current and future members benefit from the merger outcomes.
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