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 announces its 2024 Freshgiving meal offering, providing holiday staples at less than $4.85 per person, lower than last year's prices. The bundle feeds ten people and includes a frozen turkey at 49 cents per pound, along with traditional sides and desserts. Customers can access more than $800 in available savings through digital deals, BOGOs, and fuel points promotions. For convenience, Home Chef offers heat-and-eat meals starting at $75 for 4-6 people or $105 for 6-12 people. The company also provides comprehensive meal prep guidance and continues its commitment to fighting food insecurity through customer donations and its Zero Hunger | Zero Waste initiative.
Kroger has launched its 2024 holiday campaign featuring a heartwarming animated film titled 'The Case of the Disappearing Food.' The campaign, created by adam&eveDDB New York, tells the story of a young boy who shares his family's holiday food with a lonely neighbor, demonstrating how food can bring people together and express kindness.
The campaign includes a Hispanic market holiday ad called 'The Gift of Teaching' about a grandmother teaching her blind grandson a family tamale recipe. Additionally, Kroger is offering a 'Shop the Scene' experience on Hulu, allowing viewers to purchase ingredients inspired by National Lampoon's Christmas Vacation dinner scene through QR codes. The campaign will run through January 1 on Netflix, cable, streaming, and Internet platforms.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 14 to November 20, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger closing, which cannot be waived by Kroger.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 7 to November 14, 2024. The exchange offers cover up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, which is anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The Proposed Amendments will become operative upon settlement of the Exchange Offers.
Kroger (NYSE: KR) and bitewell have partnered to launch the FoodHealth Score, a nutrition scoring system rating foods from 1 to 100 based on nutrient density and ingredient quality. The system is accessible to customers while shopping online, through the Kroger app, or by scanning UPC codes in-store. The initiative enhances Kroger's existing OptUP program, introduced in 2017, with an improved scoring algorithm. Customers with digital accounts can track their purchasing trends through 'Nutrition Insights' online, making it easier to identify healthier food choices and align with their health goals.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 1, 2024, to November 7, 2024. The exchange offers involve up to $7.44 billion aggregate principal amount of new Kroger notes and cash in exchange for outstanding Albertsons notes. The settlement is expected to occur promptly after the expiration date and the closing of the merger, which is anticipated during the fourth quarter of 2024. The merger will result in Albertsons becoming a direct, wholly-owned subsidiary of Kroger.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from October 28, 2024, to November 1, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and coincide with the merger closing, anticipated in Q4 2024. As of August 29, 2024, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger completion and other conditions that Kroger may waive.
Kroger has unveiled its top five food trends for 2025, based on insights from their food experts, product developers, and data science team. The trends include: Food Dupes highlighting private label alternatives; Bold & Briny featuring fermented flavors; The Protein Renaissance focusing on energy-sustaining proteins; Pepper Palette exploring international heat varieties; and Hail, Caesar showcasing innovative uses of Caesar dressing. The company emphasizes that these trends align with their Our Brands products, offering customers value while maintaining quality and unique flavors.
Kroger (NYSE:KR) has extended the expiration date of its previously announced Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. (NYSE:ACI) Notes. The new expiration date is October 28, 2024, at 5:00 p.m. New York City time. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash for outstanding ACI Notes.
The Exchange Offers and Consent Solicitations are conditional upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated to occur promptly after the Expiration Date and the merger closing. Kroger may further extend the Expiration Date and plans to provide advance notice of any such extension.
The Exchange Offers remain subject to the terms and conditions outlined in the confidential offering memorandum dated August 15, 2024. Eligible holders of ACI Notes can obtain documents related to the Exchange Offers and Consent Solicitations by completing an eligibility certificate.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), has announced the Nourishing Change Conference, scheduled for May 13-15, 2025, in Cincinnati, Ohio. This summit aims to explore the future of health and wellbeing in America, focusing on the transformative power of nutrition, consumer product goods, technology, pharmacy, clinic, and retail interventions.
The conference will bring together leaders from various healthcare sectors to discuss innovative approaches to nutrition security, care delivery, and community and mental well-being. Participants can choose from three tracks: nutrition insecurity, redefining healthy eating, and integrative care. The event will feature panel sessions on topics such as the future of retail health, nutrition insecurity, and innovation in health and science. Additionally, an emerging brands competition will showcase up-and-coming companies offering healthy product options.
FAQ
What is the current stock price of The Kroger Co. (KR)?
What is the market cap of The Kroger Co. (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?
