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 Houston division appointed Teresa Dickerson as the new corporate affairs manager, overseeing communications and community relations for 108 stores in the Greater Houston area and Louisiana. Dickerson, with over 20 years of experience, previously managed corporate affairs for Kroger's Memphis division. She aims to deepen connections with associates and communities while promoting Kroger's commitment to providing fresh food. The Houston division has over 15,000 associates and focuses on creating #ZeroHungerZeroWaste communities by 2025, having donated $1.9 million and 2.6 million pounds of food in 2021.
Kroger (NYSE: KR) and Bed Bath & Beyond (NASDAQ: BBBY) have launched a new e-commerce experience on Kroger.com, expanding their product offerings in home and baby categories. This collaboration aims to create a seamless digital shopping experience, allowing customers to purchase a variety of products, including exclusive Owned Brands from Bed Bath & Beyond and buybuy BABY. The initiative encompasses thousands of items and aims to enhance customer convenience and satisfaction.
Kroger has launched its new Restaurant Supply service in the Greater Dallas area, aimed at local restaurant operators. This service simplifies the procurement of fresh food at wholesale prices, offering competitive pricing, the ability to purchase items by case or unit, and free next-day delivery on orders over $250. The initiative addresses supply chain issues affecting restaurants, enabling them to maintain menu favorites with reliable product availability and consistent pricing. The service operates seven days a week, enhancing Kroger's support for regional food businesses.
The Kroger Co. (NYSE: KR) has appointed Erin Rolfes as the new Director of Corporate Communications & Media Relations. Rolfes, who joined Kroger in 2018, previously led Kroger Technology & Digital Communications. Her responsibilities include enhancing Kroger's corporate reputation and driving brand narrative. She succeeds Kristal Howard, who is leaving for other interests. Rolfes has notable experience in strategic communications and was recognized in the Cincinnati Business Courier's Forty under 40 list.
Summary not available.
The Kroger Co. (NYSE: KR) announced that Carl Icahn intends to nominate two director candidates, Alexis C. Fox and Margarita Paláu-Hernández, for election at the 2022 Annual Meeting of Shareholders. The Board of Directors supports open communication with shareholders and prioritizes environmental, social, and governance (ESG) matters, particularly animal welfare. Kroger aims to eliminate the use of gestation crates in its pork supply chain by 2025 and has established a Responsible Sourcing Framework to uphold these commitments. Shareholders need not take action at this time.
The Kroger Co. (NYSE: KR) announced a quarterly dividend of 21 cents per share, payable on June 1, 2022, to shareholders on record as of May 13, 2022. This marks a continuation of their dividend growth, which has seen a double-digit compound annual growth rate since its reinstatement in 2006. The company aims to deliver sustainable total shareholder returns of 8% to 11% over time, focusing on using free cash flow for investments, maintaining investment-grade ratings, and returning capital to shareholders.
The Kroger Co. (NYSE: KR) announced its expansion of grocery delivery services at its 2022 Business Update. New spoke facilities are set to open in Austin and San Antonio, TX, and Birmingham, AL, enhancing its fulfillment capabilities in collaboration with Ocado Group (LSE: OCDO). Each facility will serve as a last-mile cross-dock location, with the Austin and San Antonio sites creating up to 161 jobs each. The expansion aims to double digital sales and profitability by the end of 2023, leveraging automation and strategic partnerships.
The Kroger Co. (NYSE: KR) recently held its 2022 Business Update in Orlando, detailing its strategy of Leading with Fresh and Accelerating with Digital. CEO Rodney McMullen highlighted robust financial results and ongoing investments in innovation and technology that support sustainable growth. Key themes included enhancing customer loyalty through competitive advantages, expanding its digital ecosystem into new regions, and maintaining a total shareholder return (TSR) target of 8-11%. The updates aim to foster long-term growth while committing to environmental and social governance initiatives.
The Kroger Co. reported strong fourth-quarter results for 2021, with identical sales without fuel rising by 4.0% and digital sales demonstrating impressive two-year growth of 105%. EPS reached $0.75, or $0.91 adjusted, alongside operating profits of $965 million. For fiscal 2021, total sales increased to $137.9 billion, and adjusted EPS stood at $3.68. Looking ahead, Kroger projects 2022 identical sales growth of 2.0% to 3.0% and adjusted EPS between $3.75 and $3.85. The company continues to invest in its workforce, raising average hourly wages significantly, while maintaining a positive outlook for total shareholder returns of 8-11%.