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.
Kroger Co. (NYSE: KR) reported its Q1 2021 results, showing total sales of $41.3 billion, a slight decline from last year. Key metrics include a 4.1% drop in identical sales and an EPS of $0.18, down from $1.52 YoY. Despite challenges, Kroger's digital sales grew significantly, up triple digits since 2019. The company announced a $1 billion share repurchase program and raised its full-year guidance for identical sales growth to 10.1%-11.6%. Notably, Kroger's gross margin rate decreased by 65 basis points due to higher shrink and price investments, affecting overall profitability.
The Kroger Co. (NYSE: KR) will hold its annual meeting of shareholders virtually on June 24, 2021, at 11 a.m. ET. Shareholders can participate from anywhere with internet access, allowing them to listen, vote, and submit questions. The meeting will be broadcast online at www.virtualshareholdermeeting.com/KR2021. An on-demand replay will be available approximately 24 hours post-meeting on Kroger's investor relations site.
Kroger is committed to its mission of feeding the human spirit and aims for #ZeroHungerZeroWaste communities by 2025.
The Kroger Co. has launched its Customer Fulfillment Center (CFC) in Groveland, Florida, marking its entry into the Florida market. This innovative e-commerce delivery service, powered by Ocado Group, utilizes advanced technology such as robotics and machine learning to enhance grocery delivery efficiency. The CFC, spanning 375,000 square feet, can fulfill thousands of orders daily. Kroger aims to offer a broad selection of fresh groceries and unique rewards programs, creating hundreds of jobs in the region while expanding its e-commerce capabilities in Florida.
Home Chef, a leading meal kit service, announced key leadership changes on June 8, 2021, aimed at enhancing growth and innovation. Erik Jensen will transition to President, reporting to CEO Pat Vihtelic, who emphasizes long-term strategies aligned with Kroger's e-commerce goals. Latasha Kempadoo joins as Chief People Officer, while David McCoy rises to Vice President of Finance. Home Chef has seen remarkable growth, with brand sales surging 118% in 2020 due to a shift towards online food orders, further solidifying its position as a significant player in the meal kit market.
The Kroger Co. (NYSE: KR) announced its nationwide hybrid hiring event on June 10, aiming to recruit 10,000 associates across various sectors including retail and e-commerce. The event reflects Kroger's commitment to improving employee welfare, having invested $800 million in wages and training over the past three years to raise the average wage to over $15.50, with a goal of reaching $16 this year. The company also promotes career development through tuition reimbursement of up to $21,000 and robust health and wellness programs.
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.
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