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 Health is expanding its senior-focused primary care services through a collaboration with Better Health Group. Starting May 14, 2024, these services will be available at eight locations of The Little Clinic in Atlanta, Georgia. This initiative aims to address the growing healthcare needs of seniors, particularly in medically underserved counties. The services include annual wellness visits, preventive care, disease management, personalized care plans, and access to Kroger Health's additional services like nutrition counseling and comprehensive medication reviews. This effort primarily targets Medicare Advantage and traditional Medicare beneficiaries, aiming to improve health outcomes and patient experience.
The Kroger Co. (NYSE: KR) has been awarded the 2024 Platinum Bell Seal for Workplace Mental Health by Mental Health America (MHA) for the third consecutive year. This program recognizes employers who prioritize mental health in the workplace. Kroger's commitment to associate mental health and well-being was highlighted in four key areas, earning a 100% in wellness programs. The retailer offers various resources and benefits to support mental health, including the Well-Being Assistant and virtual counseling sessions.
On May 2, 2024, Kroger Co. (NYSE: KR) shared a Mother's Day gift guide to honor moms with thoughtful and convenient gift ideas. The retailer aims to make Mother's Day celebrations special, offering a variety of gift options from brunch items to pampering products. Mike Murphy, Kroger's group vice president, highlighted the importance of honoring moms and providing ways to make the occasion memorable.
Kroger is celebrating the Kentucky Derby by sharing traditional recipes and traditions ahead of the 150th anniversary. The retailer is offering a new take on classic Derby dishes like Kentucky Hot Brown and Mint Juleps. Kroger has a longstanding history with the Derby, crafting the 'Garland of Roses' given to the winning thoroughbred since 1987. Customers can find Derby-themed products and savings on Kroger.com or the Kroger app, with over $600 in weekly digital coupons. Shopping is made convenient through in-store, Kroger Pickup, and Delivery options, with additional fuel and grocery delivery savings through Boost by Kroger membership.
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