Kroger Stock Price, News & Analysis

Kroger Co. reported a strong second quarter in 2022 with identical sales without fuel increasing by 5.8% and operating profit reaching $954 million. Adjusted EPS was $0.90, while total sales hit $34.6 billion, up from $31.7 billion YOY. The company is focused on its 'Leading with Fresh' and 'Accelerating with Digital' strategies, resulting in a 10.2% increase in Our Brands sales and 8% growth in digital sales. Kroger also raised its full-year guidance for identical sales to 4.0%-4.5% and adjusted EPS to $3.95-$4.05, alongside a significant dividend increase and a new $1 billion share repurchase program.

GENYOUth, the Arizona Super Bowl Host Committee, Fry's Food Stores, and NFL Legend Drew Stanton have launched Mission 57: End Student Hunger. This initiative aims to combat food insecurity among Arizona youth by providing Grab and Go school meal equipment packages to 57 schools, enabling access to over 8.5 million meals for 31,000 students annually. Initiated amid a 10.9% annual food inflation, only 55% of eligible Arizona students currently participate in the school breakfast program. The project, supported by partners including Frito-Lay and The Quaker Oats Company, highlights the urgent need to address student hunger.

The Kroger Co. (NYSE: KR) and Procter and Gamble (NYSE: PG) announced the launch of their women's leadership initiative, Queen City Game Changers, on September 7, 2022. This program aims to enhance female advancement in sports, business, and education. The inaugural class consists of 130 leaders from Greater Cincinnati, offering mentorship and a structured eight-month curriculum. Additionally, five female scholars were awarded the Game Changers Scholarship, a $5,000 scholarship aimed at supporting multicultural women pursuing higher education. The initiative coincides with the Kroger Queen City Championship event from September 8-11, 2022.

The Kroger Co. (NYSE: KR) will host its second quarter 2022 earnings conference call on September 9, 2022, at 10:00 a.m. ET. This call will provide insights into the company's financial and operational performance for the quarter ending August 13, 2022. Investors can access the live presentation online at ir.kroger.com, with a replay available later that day. Kroger continues to focus on its commitment to sustainability with a goal of achieving #ZeroHungerZeroWaste communities by 2025.

The Kroger Co. (NYSE: KR) announced the winners of its second annual Go Fresh & Local Supplier Accelerator on August 25, 2022. Five new brands were selected to enhance Kroger's local product offerings and gain strategic mentorship. This initiative aims to bolster Kroger's commitment to invest $10 billion in diverse suppliers by 2030 and foster relationships with local brands. Each winner will receive product placement in Kroger stores and online in 2023, supporting Kroger's mission of being Fresh for Everyone.

The Kroger Co. (NYSE: KR) has opened two new spoke facilities in Greater Nashville and the Chicago Metro Area, expanding their delivery service. These facilities will enhance last-mile delivery operations and improve access to Kroger Delivery for customers in Tennessee and Illinois. The Nashville facility spans 40,000 square feet and employs over 180 associates, while the Chicago location is 80,000 square feet. Kroger's new Boost by Kroger membership program, priced at $59 or $99 annually, offers free delivery and rewards. This expansion reflects a partnership with Ocado Group for advanced grocery delivery solutions.