Welcome to our dedicated page for The Kroger Co. news (Ticker: KR), a resource for investors and traders seeking the latest updates and insights on The Kroger Co. 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) announces special savings and promotions for Big Game shopping, offering various deals on game day essentials. The company introduces a Mix & Match Event with $2 savings on eligible items, $2 discounts on Kroger Brand Frozen Appetizers, and $4 off on Kroger Brand BIG DEAL! Crunchy Butterfly Frozen Shrimp.
Key promotions include loyalty card savings on soft drinks, weekly digital deals on charcoal and chicken wings, and 4X Fuel Points on gift cards (February 5-18). The company is also featuring prepared foods from Home Chef, including fried chicken, wings, and pizzas, alongside deli platters and fresh sides.
Customers can access over $600 in weekly digital coupon savings through Kroger.com or the app. The Boost by Kroger Plus membership offers potential savings up to $1,100 per year on fuel, exclusive deals, streaming options, and grocery delivery.
Kroger (NYSE:KR) has introduced a comprehensive guide for building perfect bowl recipes, focusing on customizable meal solutions. The initiative, announced by Carlo Baldan, Group VP of Fresh Merchandising, emphasizes easy-to-prep meals combining grains, proteins, and fresh ingredients.
The guide features three main bowl styles: Buddha Bowl (vegetarian option with rice base, proteins, and vegetables), Poke Bowl (featuring Ahi tuna and Asian-inspired ingredients), and Rice Bowl (highly customizable with various protein and vegetable options). Kroger is promoting these recipes through their blog, The Fresh Lane, which offers over 50 bowl recipes.
To support this initiative, Kroger is offering digital coupons with over $600 in weekly savings. Customers can access ingredients through in-store shopping or Kroger Pickup and Delivery services. The company also promotes its Boost by Kroger Plus membership, offering fuel and grocery delivery savings up to $1,000 annually, with a free 30-day trial available and monthly subscriptions starting at $7.99.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), announced the expansion of its prescription drug safety education program, 'Prescription Drug Safety: Know the truth.' The program, offered at no cost to middle and high schools through collaboration with EVERFI, will now reach more than 470 schools across the United States.
Since partnering with EVERFI in 2018, Kroger Health has educated over 170,000 students about prescription drug safety, teaching the science of addiction, misuse dangers, and proper medication storage and disposal. The program aims to help young people identify warning signs of drug abuse and make informed decisions about prescription medications.
Kroger (NYSE:KR) has announced a $1 million commitment to support families affected by the Southern California wildfires. The initiative includes $500,000 in company matching funds for customer donations to benefit the American Red Cross and local Feeding America-affiliated food banks. Customers can contribute by rounding up their purchases at checkout or donating online.
The company is actively providing food, water, and supplies to fire departments and evacuation centers. Additionally, Kroger is supporting the California National Guard's disaster relief efforts through a Kroger + USO Mobile Canteen in Los Alamitos, CA, providing gift cards for necessary supplies. The company's Ralphs and Food4Less stores in the region are working with emergency responders while maintaining operations to serve affected communities.
Kroger's Simple Truth® brand has launched six -time Resolution Rescue bundles, priced at $15 or less, to help customers maintain their New Year's resolutions past Quitter's Day on January 10, 2025. According to Kroger's data science arm 84.51º, 79% of customers make resolutions focused on physical health, with 58% planning healthier eating habits.
The bundles include: Mocktails Bundle for Dry January participants, Meatless Meal Bundle for protein and fiber intake, Protein-Packed Breakfast Bundle, Savory Snacks Bundle, Sweet Treats Bundle, and Get Your Veggies Bundle. From January 10-21, customers can receive free delivery on orders of $75+ when purchasing $15+ in Simple Truth® products.
Simple Truth® offers over 1,500 products free from artificial colors, flavors, and preservatives, including plant-based, gluten-free, and USDA-certified organic options. The bundles are available across Kroger Family of Stores, both in-store and through Pickup and Delivery services.
Kroger (NYSE: KR) has announced Accelerated Share Repurchase (ASR) agreements with Wells Fargo Bank and Citibank to repurchase $5.0 billion in common stock. The company will receive an initial delivery of approximately 65.6 million shares on December 20, 2024, representing about 80% of the total expected shares. The ASR is part of a larger $7.5 billion share repurchase authorization, with $2.5 billion remaining capacity for future buybacks. The program will be funded with existing cash, and final settlement is expected by the third fiscal quarter of 2025.
Kroger (NYSE:KR) has received dual recognition from Forbes, being named one of America's Best Employers for Tech Workers and acknowledged for exceptional customer service in its pharmacy division. The employer recognition was based on a survey of over 25,000 tech workers in the U.S. at companies with 1,000+ employees.
The Forbes 2025 Best Customer Service survey analyzed 414 million ratings from 181,000 people evaluating more than 3,500 brands based on personal interaction, speed, services, and resolution. Tim Massa, senior VP and chief people officer, emphasized how this recognition reflects their associates' dedication to customer service and how technology advancements enhance customer experience.
Kroger (NYSE: KR) announces extensive holiday savings initiatives offering over $1,200 in weekly savings through January 2024. The promotion includes multiple digital coupon offers, fuel points multipliers, and significant discounts across various departments. Key offers include 5X digital coupons through January 1, 4X Fuel Points on Fridays (5X for Boost members), and up to 70% off on holiday home products and winter apparel post-Christmas.
The company is also promoting its Home Chef heat-and-eat meals with holiday bundles starting at $75, including protein and six sides. Additional savings are available through the Boost membership program, offering free delivery and exclusive benefits, with a new monthly subscription option at $7.99.
Kroger (NYSE: KR) has terminated its merger agreement with Albertsons following a U.S. District Court's preliminary injunction. In response, the company announced a new $7.5 billion share repurchase program, including a $5 billion accelerated share repurchase. The company will also redeem $4.7 billion in senior notes issued in August 2024.
Kroger emphasizes its commitment to investing in America through lower grocery prices, wage increases, and community support. The company highlights its track record of investing $5 billion in lower prices since 2003 and $2.4 billion in wage increases since 2018. Kroger plans to host an Investor Day in late spring 2025 to share strategic priorities and long-term financial outlook.
Kroger (NYSE: KR) has issued a statement responding to Albertsons' lawsuit, strongly refuting all allegations as baseless and without merit. The company asserts that Albertsons committed multiple material breaches and interference during the merger process. Kroger views the lawsuit as an attempt by Albertsons to deflect responsibility and wrongfully seek the merger's break fee.
Kroger maintains it made extraordinary efforts to uphold the merger agreement throughout the regulatory process and plans to defend its position in court. The company's Board of Directors is currently evaluating next steps to create value for shareholders while serving customers' and associates' interests.
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