Kroger Stock Price, News & Analysis

The Kroger Co. (NYSE: KR) announced its first quarter 2021 earnings conference call scheduled for June 17, 2021 at 10:00 a.m. ET. The management will discuss financial and operational results for the quarter, which ended on May 22, 2021. The conference call will be available for online streaming via the company's investor relations website, with a replay set for approximately 1 p.m. ET the same day.

Kroger aims to serve over nine million customers daily across its 2,800 retail stores and is committed to creating #ZeroHungerZeroWaste communities by 2025.

Kroger Health has launched the #CommunityImmunity Giveaway to encourage COVID-19 vaccinations among Americans. Running from June 3 to July 10, 2021, the initiative offers $5 million in prizes, including five $1 million checks and 50 prizes of groceries for a year. Participants must be 18 or older and vaccinated at a Kroger location to enter. This campaign aligns with the Biden Administration's goal of achieving 70% vaccination among U.S. adults by July 4. Kroger Health has administered over 4.7 million vaccines to date.

Kroger Health is partnering with Turner Sports and NBA All-Star Trae Young to improve COVID-19 vaccination access in underserved communities in Atlanta. Despite 62% of American adults receiving at least one vaccine dose, Black and Brown communities remain significantly underserved. Kroger Health, as a leading healthcare provider, aims to bridge this gap, delivering over 4.7 million vaccines nationwide. The initiative emphasizes the importance of accessibility and awareness in healthcare, particularly in vulnerable areas like Fulton County.

Kroger Health, part of The Kroger Co. (NYSE: KR), is initiating the #CommunityImmunity giveaway campaign to motivate Americans to receive COVID-19 vaccinations. Beginning next week, the campaign will feature prizes totaling $5 million, including five $1 million payouts and 50 annual grocery giveaways. This initiative follows a collaboration with the Biden Administration aimed at achieving a 70% vaccination rate among U.S. adults by July 10. Kroger Health has already administered over 4.6 million vaccines, continuing to expand its vaccination efforts to support public health.

Kroger's Cincinnati-Dayton division and UFCW Local 75 members have ratified a new five-year labor agreement, investing $159 million in wages. This agreement will raise hourly pay by $4.78 during the contract term, with the average wage reaching nearly $20 per hour, excluding benefits. Kroger has committed over $800 million to wage increases over three years. The contract, covering 20,000 members across 104 stores, enhances job security, wages, and affordable healthcare, reflecting a collaborative effort between the company and the union.

The Kroger Co. (NYSE: KR) has successfully finalized an agreement with local unions regarding the transfer of pension liabilities to the UFCW Consolidated Pension Plan. This initiative secures the benefits of over 10,600 associates and minimizes market risk exposure while reducing administrative expenses. Kroger plans to transfer approximately $400 million in net accrued pension liabilities, with an estimated after-tax cost of $310 million. The financial implications include a projected charge of $0.40 per diluted share in Q1 2021, though this will not impact adjusted earnings.

The Kroger Co. (NYSE: KR) announced that CFO Gary Millerchip will speak at the virtual BMO 16th Annual Farm to Market Conference on May 19, 2021, at 8:00 a.m. ET. The presentation will be accessible via Kroger's investor relations website, where it will also be archived post-conference. Kroger aims to serve over nine million customers daily through its 2,800 retail stores and is committed to achieving #ZeroHungerZeroWaste communities by 2025.

The Kroger Co. (NYSE: KR) has launched the Go Fresh & Local Supplier Accelerator, inviting American growers and producers to apply for a partnership opportunity. Running from now until May 31, the program aims to discover new suppliers for Kroger's fresh departments. Fifteen finalists will be selected to present in August, competing for product placement, partnerships, and business coaching. Kroger aims to invest $10 billion in diverse suppliers by 2030, following a $4.1 billion investment in 2020, enhancing its commitment to providing fresh food to customers.