Kroger Stock Price, News & Analysis

The Kroger Co. (NYSE: KR) reported its Q3 2021 results, showing a 3.1% increase in identical sales and total sales of $31.9 billion, up from $29.7 billion year-over-year. Adjusted EPS rose to $0.78 from $0.71, while operating profit increased by 9.6% to $868 million. The company is raising its full-year sales guidance to 13.7% to 13.9% and expects adjusted EPS of $3.40 to $3.50. Kroger's capital strategy includes a commitment to returning cash to shareholders through share repurchases and dividends amid ongoing investments in digital and fresh food initiatives.

Kroger (NYSE: KR) announces a partnership with Kipster Farms to introduce the world's first carbon-neutral, cage-free eggs in the U.S. The eggs will be produced in a closed-loop system that adheres to high health and welfare standards for both people and animals. This initiative enhances Kroger's commitment to sustainability and its Zero Hunger | Zero Waste mission. MPS Egg Farms is constructing the first production facility, and the new Simple Truth eggs are expected to hit select store shelves in late 2022. This partnership aligns with Kroger's Environmental, Social, and Governance strategy.

Home Chef, a leading meal solutions company, has launched a new digital gifting platform integrated with GiftNow, a Synchrony solution (NYSE: SYF), enhancing the gift card purchasing experience. This platform features personalized e-gift cards, offering customers seasonal designs and the ability to add video messages and photos. Customers can send these e-gift cards instantly or schedule delivery up to three months in advance. The offering aims to create a more seamless and personalized gifting experience, aligning with the holiday season.

The Kroger Co. (NYSE: KR) will host its third quarter 2021 earnings conference call on December 2, 2021, at 10:00 a.m. ET. The management team will discuss financial and operational results for the quarter ending November 6, 2021. An online broadcast of the presentation will be available on ir.kroger.com, with an on-demand replay accessible by 1 p.m. ET on the same day.

The Kroger Co. has issued a statement advising that a press release about accepting Bitcoin Cash during the holiday season is incorrect. The company clarified that this news was not authorized and should be disregarded. This announcement highlights the importance of verifying information before public dissemination.

The Kroger Co. (NYSE: KR) has announced it will start accepting Bitcoin Cash for all in-store and online purchases starting December 1, 2021. This move aligns with the growing trend of cashless payments, as noted by CEO Rodney McMullen. Bitcoin Cash offers a more cost-effective transaction method compared to Bitcoin, with fees often under one penny. Kroger's acceptance of Bitcoin Cash will enhance customer payment options across its 2,700 stores, including popular brands like Baker's and Fred Meyer.

The Kroger Co. (NYSE: KR) and Bed Bath & Beyond Inc. (NASDAQ: BBBY) have announced a strategic collaboration to enhance Kroger's e-commerce offerings. Starting in early 2022, Kroger customers will have access to a wide range of home and baby products from Bed Bath & Beyond through Kroger.com and select physical stores. This partnership aims to provide convenient shopping experiences, fulfilling customer needs for essential household items alongside groceries. Both companies anticipate that this initiative will reach a broader customer base, leveraging Kroger's extensive market presence.

Kroger Co. (NYSE: KR) and Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced a strategic collaboration to offer Kroger customers a variety of home and baby products online and in select stores starting in 2022. This initiative allows Kroger shoppers to purchase items from Bed Bath & Beyond and buybuy Baby, aiming to enhance the shopping experience. The collaboration highlights Kroger’s commitment to innovation and product variety while expanding Bed Bath & Beyond's reach to a broader audience. This partnership is expected to drive sales growth for both companies.