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. operates a U.S. grocery retail business with supermarkets across multiple banners, complemented by fuel centers, pharmacies, private-label products, manufacturing, advertising and data analytics. News about KR commonly covers fresh food and seasonal merchandising, pickup and delivery services, digital coupons, private brands such as Simple Truth, Private Selection and Kroger brand products, and customer access through Kroger.com, the Kroger app and delivery marketplaces.
Company updates also include Harris Teeter, a wholly owned Kroger subsidiary, with recurring coverage of pharmacy services, nutrition support, grocery promotions, fuel rewards, community programs and associate initiatives. Other news themes include new products entering Kroger-banner stores, floral and gift offerings such as Bloom Haus, and enterprise training programs such as Pearl Street Academy.
Unique Logistics International, Inc. (OTCMKTS: UNQL) announced a 12-month ocean freight contract with The Kroger Company (NYSE: KR). This new partnership, effective through April 2023, involves transporting goods from the Asia-Pacific region to North America. Kroger, a retail leader with over $137 billion in annual sales and 2,726 stores, seeks innovative solutions to enhance its supply chain. This collaboration highlights Unique's expertise in the retail logistics sector, positioning the company for growth.
Kroger Co. (NYSE: KR) reported strong Q1 2022 results, with identical sales without fuel up 4.1% and total sales reaching $44.6 billion, a 7.9% increase year-over-year. Operating profit was $1.505 billion, with adjusted EPS climbing to $1.45. The company successfully implemented its 'Leading with Fresh' and 'Accelerating with Digital' strategies, resulting in growth in digital engagement and private label sales. Kroger also raised its full-year guidance for identical sales growth to 2.5%-3.5% and adjusted operating profit to $4.3-$4.4 billion, reflecting its strong market position.
Kroger Health has appointed professional quarterback Joe Burrow as a Brand Ambassador to promote health initiatives aimed at combating food insecurity. Burrow, a Southeast Ohio native and Heisman Trophy winner, has a strong connection to local hunger relief efforts, having established the Joe Burrow Hunger Relief Fund with over $1.3 million raised. This partnership aligns with Kroger's Zero Hunger | Zero Waste initiative, which aims to eliminate food waste and hunger by 2025. In 2021, Kroger contributed $343 million to community charities, enhancing access to nutritious foods.
The Kroger Co. has expanded its delivery service to South Florida, opening a new 60,000-square-foot facility in Miami. This move creates 200 jobs in logistics and transportation, enhancing Kroger's last-mile delivery capabilities. Customers can utilize a promotion offering $15 off their first three orders. The expansion, part of a partnership with Ocado, leverages advanced technology for optimized grocery delivery and aims to meet demand for fresh food, especially during hurricane seasons. The facility is designed for efficiency, utilizing automated systems to streamline operations.
The Kroger Co. (NYSE: KR) will host its first quarter 2022 earnings conference call on June 16, 2022, at 10:00 a.m. ET. Management will discuss financial and operational results ending May 21, 2022. The event will be available for online streaming at ir.kroger.com, with an on-demand replay starting at 1 p.m. ET on the same day.
Kroger aims to serve over 11 million customers daily and is committed to creating #ZeroHungerZeroWaste communities by 2025.
The Kroger Co. (NYSE: KR) announced its ranking as #25 on the 2022 Axios Harris Poll 100, highlighting its reputation among the most visible U.S. companies. CEO Rodney McMullen emphasized Kroger's commitment to innovation in food accessibility and affordability. The company also ranked in the Top 10 for citizenship and trust, reflecting its value alignment with consumers. Kroger's ESG strategy, focused on Zero Hunger | Zero Waste, aims to foster a sustainable food system. The Axios Harris Poll 100 is based on responses from over 33,000 Americans.
Kroger Co. (NYSE: KR) has expanded its grocery delivery service with a new fulfillment "spoke" facility in Central Ohio, powered by Ocado Group (LSE: OCDO). The 61,000-square-foot facility in Lockbourne will extend delivery capabilities to over 250 Central Ohio ZIP codes, employing up to 200 associates. This initiative enhances Kroger's digital shopping experience and follows the recent launch of the Boost by Kroger Plus membership program, which offers benefits like free delivery. The expansion is part of Kroger's strategy to strengthen its e-commerce presence and create job opportunities.
Kroger has partnered with the USO to launch a mobile food program to serve military communities, kicking off with the "Stuff the Truck" event on May 16 in Atlanta, Georgia. This initiative aims to provide nutritious meals to service members and their families. The program will collect donations and distribute food across various military bases, ending with a meal for families of deployed members on May 21 at Fort Stewart. Kroger has donated $35.3 million to the USO since 2010, making it the largest contributor in the organization's history.
Eat Well Investment Group Inc. (EWG) announces that Amara Organic Foods, a fast-growing baby food brand, is now available on Kroger's eCommerce platforms, including Kroger.com and Vitacost.com. This move enhances Amara's distribution strategy, which already includes major retailers like Amazon and Whole Foods. The infant nutrition market is projected to exceed $109 billion by 2027, positioning Amara to capitalize on this growth. CEO Jessica Sturzenegger emphasizes the importance of increased eCommerce distribution for driving revenue and maximizing margins.
The Kroger Co. (NYSE: KR) has launched the second year of its Go Fresh & Local Supplier Accelerator, inviting local and regional growers to apply until May 23, 2022. This program aims to enhance the selection of fresh items in Kroger stores by connecting American suppliers directly with the retailer. The initiative, part of Kroger's commitment to invest $10 billion in diverse suppliers by 2030, culminates in a two-day event in Cincinnati in August, where 30 finalists can showcase their products for potential shelf placement and business development coaching.