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) is a premier retail giant and one of the largest grocery retailers in the United States. With more than 2,425 supermarkets and multi-department stores spanning across 31 states, Kroger operates under a wide array of local banner names including Kroger, City Market, Dillon's, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs, and Smith's. Additionally, the company boasts 789 convenience stores, 337 fine jewelry stores, 1,109 supermarket fuel centers, and 38 food processing plants in the U.S.
Kroger is not just about grocery retailing. It offers a diversified portfolio of services and products, including 80+ “The Little Clinic” retail healthcare sites, pharmacies in 80% of its locations, and fuel stations at 60% of its stores. Kroger's private-label products contribute significantly to its revenue, with around 30% of units produced in-house in its 33 food production plants.
The company is recognized for its commitment to the community and social responsibility. It supports numerous initiatives such as hunger relief, breast cancer awareness, military family support, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 160 million meals annually through its partnerships with over 80 Feeding America food banks.
Financially, Kroger has maintained robust performance, evidenced by its 2023 fiscal year results. Total company sales reached $150.0 billion, including $2.7 billion from the 53rd week. The company also continues to innovate and expand, as seen in its recent launch of MCoBeauty in the U.S., exclusive to Kroger stores.
Kroger's strategy for growth includes leveraging its “Leading with Fresh” and “Accelerating with Digital” platforms. The company is continually investing in its seamless shopping experience, digital innovation, and associate welfare, aiming to create a sustainable growth model. Recent initiatives include the sale of its specialty pharmacy business to CarelonRx and the introduction of SDS for HD, a coastal living home décor collection in collaboration with Bravo Reality Personality Craig Conover.
Furthermore, Kroger's proposed merger with Albertsons aims to expand its market reach, bringing even more choices and lower prices to consumers while securing the long-term future of unionized grocery jobs. The merger is expected to enhance competition, increase local product offerings, and maintain job security for frontline associates.
To stay updated on Kroger’s latest financial performance, growth strategies, and community initiatives, visit Kroger’s newsroom and investor relations site.
Kroger (NYSE:KR) has announced a winter soup campaign highlighting various recipes and meal solutions for customers during the cold season. Carlo Baldan, Kroger's group vice president of Fresh Merchandising, introduced a range of recipes available on Kroger's blog, The Fresh Lane.
The announcement features multiple soup categories including classic recipes like Chicken Noodle Soup, Baked Potato Soup, and specialty options such as Egg Drop Soup and Chickpea Vegetable Minestrone. The company also promotes stew recipes including Slow Cooker Beef Stew and various chili options like Classic Slow Cooker Chili and Cincinnati Chili.
Additionally, Kroger highlights their Home Chef ready-to-eat soup options and promotes their Boost by Kroger Plus membership program, which offers potential savings of up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a Kroger (NYSE: KR) subsidiary and leading meal solutions company, announces a four-week collaboration with Nickelodeon's SpongeBob SquarePants running through March 21, 2025. The partnership features themed menu items including the Pineapple Under the Sea Burger, CHOCOLATE! Brownie Cookie Skillet, and The Krusty Krab Pizza Flatbread.
New customers can use code 'CHEFKRABS' to receive meals for $4.99 per serving with free shipping. The promotion includes special collectible boxes during March 10-17 weeks and a complimentary SpongeBob mini spatula while supplies last. Home Chef, ranked #1 among meal delivery services by Newsweek (2024), offers its services online and in over 2,400 Kroger Family stores.
Kroger (NYSE: KR) announces its first-ever Hour Back Box initiative to help customers adjust to daylight saving time. The -edition boxes contain Our Brands breakfast essentials, including Private Selection Cold Brew Coffee Concentrate, Simple Truth Oatmilk Creamer, and Kroger Frozen Breakfast Sandwiches. Each box includes a gift card for a one-year Kroger Boost membership ($59 value).
The promotion launches March 4, 2025, at 12 p.m. EST with free boxes available on a first-come, first-served basis. Additionally, starting March 7, customers can claim one of 39,000 free breakfast items through a digital coupon redeemable at Kroger stores or online. The Boost membership offers benefits including free grocery delivery (minimum $35 order), 2X fuel points, and potential savings of up to $1,100 per year.
Kroger (NYSE: KR) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, March 6, 2025, at 10:00 a.m. ET. During the call, the management team will discuss the company's financial and operational performance for both the fourth quarter and the full year 2024.
The presentation will be accessible to investors and the public through a live webcast on Kroger's investor relations website (ir.kroger.com) under the 'Quarterly Results' section. For those unable to attend the live session, an on-demand replay will become available at approximately 1:00 p.m. ET on the same day.
Kroger (NYSE: KR) announced details about its Express Delivery service, powered by Instacart, offering customers rapid delivery of groceries at in-store prices. The service is accessible through Kroger's website and digital app, maintaining the same prices, savings, and rewards as in-store shopping.
The company also highlighted additional quick delivery options including: Free Pickup in as little as two hours for orders over $35, Two-Hour Delivery service, and Kroger Delivery via refrigerated Blue Trucks. The Boost by Kroger Plus membership program offers potential savings up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a subsidiary of Kroger (NYSE: KR), has announced a four-week partnership with chef and entrepreneur Ayesha Curry to offer exclusive recipes through their meal kit service. The collaboration, running until March 14, features dishes from Curry's kitchen and cookbooks, available in various formats including Classic Meal Kit, Express Plus, and Culinary Collection.
The menu includes specialties like Jerk-Style Chicken, Sweet Sambal Yellowtail, and Pan-Seared Filet Mignon. New customers can use code 'CHEFCURRY' for meals at $4.99 per serving plus free shipping. The company is also running a giveaway through March 4, offering five winners beverage pairings and a $100 Home Chef gift card.
Kroger (NYSE: KR) has announced its CFO succession plan, with David Kennerley, currently senior vice president and CFO of PepsiCo Europe, appointed as the new Chief Financial Officer effective April 3. Kennerley will join Kroger on March 10, while current interim CFO Todd Foley will continue through the fiscal year 2024 reporting cycle and remain as senior vice president during the first quarter to ensure a smooth transition.
Foley, who joined Kroger in 2001, has served in various financial roles including audit manager, controller, vice president and treasurer before stepping into the interim CFO role in 2024. Kennerley brings nearly 25 years of experience from PepsiCo, where he has held various finance leadership positions across international markets since 2001, most recently serving as CFO for PepsiCo Europe since March 2020.
Kroger (NYSE: KR) announces its Valentine's Day offerings, featuring Bloom Haus floral bouquets with on-demand delivery through DoorDash and Uber Eats from over 1,700 locations nationwide. DoorDash is offering $20 off Bloom Haus orders of $40+ through February 15.
The retailer introduces special promotions including: buy-one-get-20%-off sushi items (Feb 12-15), 50% off MCoBeauty products (Feb 9-Mar 1), and 25% off Valentine's candy hearts $12.99+ (Feb 7-9). The company is also featuring heart-shaped sushi platters, fresh-dipped strawberries, and Murray's Cheese 'Brie Mine' in-store tasting events on February 14.
Customers can access over $600 in weekly digital savings through Kroger's app and website, with additional benefits available through the Boost by Kroger Plus membership program, offering potential savings up to $1,100 per year on fuel, delivery, and streaming services.
Kroger (NYSE:KR) and PepsiCo (NYSE:PEP) have won a Gold Mitt Award for Chef's Choice at the FMI Foundation's Stir it Up! culinary event. The competition, celebrating ten years of National Family Meals Month, focused on the theme 'What's for Dinner? Dishing up New Family Flavors.'
The collaboration showcases a special menu featuring Asian-inspired dishes with a Flamin' Hot® twist, including -time offerings like the Flamin' Hot® Sushi Platter at Kroger stores. The initiative supports the FMI Foundation's mission of addressing food safety, health, and nutrition concerns.
Kroger is promoting these offerings through their digital platform, which provides over $600 in weekly digital coupon savings. Customers can access these products through in-store shopping or Kroger Pickup and Delivery services. The Boost by Kroger Plus membership offers additional benefits, potentially saving customers up to $1,100 per year on fuel, exclusive savings, streaming options, and grocery delivery.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), has announced a new agreement with Express Scripts, expanding access to prescription medications and health services at Kroger Family of Pharmacies. The agreement allows Kroger to immediately resume serving Express Scripts' Medicare Part D and Tricare/Department of Defense (DOD) plan customers. Additionally, Express Scripts' commercial and Medicaid clients can add Kroger pharmacies to their networks. This partnership potentially impacts over 100 million people in the United States who are covered under these various plans.
FAQ
What is the current stock price of Kroger (KR)?
What is the market cap of Kroger (KR)?
What services does The Kroger Co. provide?
How is Kroger involved in community support?
What are some of Kroger’s recent expansions?
What financial achievements has Kroger made recently?
What is the significance of the Kroger-Albertsons merger?
How does Kroger ensure sustainable growth?
What role do private-label products play in Kroger's business?
How does Kroger utilize technology and digital platforms?
What are Kroger's key financial strategies?
How can I stay updated on Kroger's latest news and updates?
