Kroger Co. - KR STOCK NEWS

The Kroger Co. (NYSE: KR) announces the launch of Murray's Cheese new monthly club subscription program, offering a best-in-class cheese experience with five themed subscription options. Murray's also received several awards at the 2023 World Cheese Awards for their proprietary Cave Aged cheese line.

Kroger Health (KR) and Soda Health, Inc. launch the Smart Benefits program, combining Kroger Health's services with Soda Health's &more platform. The program provides access to personalized benefits for food, health products, pharmacy, and nutrition services, as well as other social care needs. It allows Medicare Advantage, Medicaid, and employer benefits program recipients to access certain pharmacy, nutrition services, and other eligible benefits at The Kroger Co.'s Family of Pharmacies, in addition to purchasing eligible food and over-the-counter health items.

The Kroger Co. (NYSE: KR) reported third quarter 2023 results with identical sales without fuel decreasing 0.6% and underlying identical sales without fuel increasing 1.0%. Operating profit was $912 million with EPS of $0.88, and adjusted FIFO operating profit was $1,022 million with adjusted EPS of $0.95. Kroger achieved strong adjusted free cash flow, leading to a net total debt to adjusted EBITDA ratio of 1.40, compared to a target range of 2.3 to 2.5. The company executed its go-to-market strategy to deliver value for customers, grew digital sales by 11%, and increased total and loyal customer households.

The Kroger Co. (KR) shares health and wellness tips from Kroger Health to support patients during cold and flu season and announced its wellness savings event running from November 29 to December 12. The event includes discounts on HSA/FSA eligible health and wellness products, with an extra $10 off when spending $30 on participating items with a shopper's card.

The Kroger Co. (KR) has been named to Foundry's Computerworld 2024 Best Places to Work in IT, marking the sixth consecutive year of recognition. Kroger ranks No. 43 among large organizations, emphasizing its commitment to creating an innovative, industry-leading workplace culture. The company's senior vice president & chief information officer, Yael Cosset, highlights the dedication of associates to create innovative experiences driven by data and technology, improving the customer experience and expanding access to fresh, affordable food across the country.

Kroger Co. (KR) has announced early Black Friday deals, offering 50% off all annual Boost by Kroger Plus memberships from November 22-28. New enrollees can enjoy free next-day delivery or free delivery in as little as two hours on orders of $35 or more. Current Boost members can also take advantage of the offer. The retailer is also offering Freshgiving meal serving up Thanksgiving at less than $5 per person and a 5x event allowing digital coupons to be redeemed up to five times. Additionally, holiday travelers can earn 4X fuel points (5X for Boost Members) on gift card purchases for a limited time. Kroger is providing last-minute Turkey Day inspiration and tips from its blog, the Fresh Lane, to make Thanksgiving meal planning convenient and cost-effective. Customers can also shop their Thanksgiving favorites in-store, through Kroger Pickup, or delivered using Boost by Kroger Plus. Kroger Family of Companies Rewards World Elite Mastercard® eligible cardmembers may now redeem a free one-year, next-day Boost membership or receive a free one-year extension of their next-day Boost membership.

Kroger Co. (NYSE: KR) was recognized by Progressive Grocer in the Diversity, Equity and Inclusion, and Sustainability and Resource Conservation categories in this year's Impact Awards. The awards honor retailers improving lives and having a positive impact at the local and global level. Kroger's commitment to diversity, equity, inclusion, and belonging, as well as its sustainability and resource conservation initiatives, were highlighted. The company's progress in growing relationships with diverse suppliers, donating to nonprofits advancing racial equality, providing diversity training to associates, and collaborations with historically black colleges and universities (HBCUs) and Hispanic-serving institutions (HSIs) was acknowledged. Additionally, Kroger's Zero Hunger | Zero Waste impact plan, aimed at reducing operational and food waste, was commended for its ambitious goals to achieve zero waste company-wide by 2025 and 100% recyclable, reusable, or compostable packaging by 2030.

Kroger Co. (NYSE: KR) to Host Q3 2023 Earnings Conference Call on November 30, 2023

Kroger Co. (NYSE: KR) announces its Freshgiving meal, providing customers with a holiday basket for less than $5 per person, comprising a complete Thanksgiving feast. The offering includes a 14-16 pound turkey, cranberries, yams, potatoes, gravy, stuffing, corn, carrots, green beans, cream of mushroom soup, rolls, pumpkin pie, and whipped cream. The company also introduces additional savings, digital deals, fuel point events, and offers heat-and-eat Thanksgiving meals through Home Chef. Customers can order in-store, through Kroger Pickup, or delivered using Boost by Kroger. The announcement aims to provide affordable, high-quality Thanksgiving options for families while expressing gratitude to customers and communities.