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.
The Kroger Co. (NYSE:KR) has unveiled a holiday gift guide featuring customer-favorite cheeses and recipes from Murray's Cheese. This guide includes options for creating custom cheeseboards, unique cave-aged cheeses, and family-friendly recipes. Customers can shop at Kroger stores nationwide or use Kroger Pickup and Delivery services. Highlights include:
- Entertainer's Delight: Custom cheeseboards with Brie, English Cheddar, and Gouda.
- Connoisseur's Choice: Cave Aged Reserve Mini Greensward and other award-winning cheeses.
- Sweet Tooth Satisfaction: Pairing cheeses with chocolates and caramels.
- Family Fun: Recipes like Murray's Classic Mac & Cheese and Mascarpone Cupcakes.
- Cheese Clubs: Five monthly club experiences available for nationwide shipping.
Kroger offers additional savings through digital coupons and the Boost by Kroger Plus membership, which includes a free 30-day trial and potential savings of up to $1,000 per year. Eligible Kroger cardholders can also redeem a free one-year Boost membership.
Kroger has extended the expiration date of its exchange offers for Albertsons Companies notes from December 9 to December 13, 2024. The exchange offers cover 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 Q4 2024.
As of August 29, 2024, the required consents were received for the Consented Series, with supplemental indentures executed. The proposed amendments will become operative upon settlement. Tenders can be withdrawn before the expiration date, and the exchange offers remain conditional upon the merger closing.
Kroger (NYSE: KR) reported Q3 2024 results with identical sales without fuel increasing 2.3%. The company achieved operating profit of $828 million, EPS of $0.84, and adjusted EPS of $0.98. Total sales were $33.6 billion, down from $34.0 billion last year due to the sale of Kroger Specialty Pharmacy and lower fuel prices. Digital sales grew 11%, with delivery sales up 18%.
The company closed the sale of its specialty pharmacy business for $464 million, which reduced Q3 sales by $340 million. FIFO gross margin rate excluding fuel increased 51 basis points. Kroger narrowed its full-year 2024 guidance, projecting identical sales without fuel of 1.20%-1.50% and adjusted EPS of $4.35-$4.45.
Kroger announces its '12 Merry Days of Deals' event running from December 4-15, offering daily digital deals redeemable through December 17. Customers can clip one new digital offer each day via Kroger.com or the Kroger app, with each deal redeemable up to five times in a single transaction. Boost by Kroger Plus members receive additional benefits including 2X fuel points and free delivery. Additionally, Kroger is offering a special National Cookie Day promotion through December 10, featuring free Bakery Fresh Hot Cocoa Cookies with purchase of 12-count Bakery Fresh Cookies.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from December 3, 2024, to December 9, 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 for Albertsons Companies notes from November 26, 2024, to December 3, 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 after the expiration date and coincide with the merger closing, anticipated in Q4 2024. The required consents for certain series were received on August 29, 2024, with amendments to become operative upon settlement. The exchange offers remain conditional upon the merger completion and other conditions that may be waived by Kroger.
Kroger announced leadership changes as Stuart Aitken steps down from his position as senior vice president, chief merchandising and marketing officer, effective December 31, 2024. Mary Ellen Adcock, currently senior vice president of operations, will succeed him. Senior VPs Valarie Jabbar and Kenny Kimball, along with group VP Paula Kash, will continue leading operations and report directly to CEO Rodney McMullen. Aitken was credited for evolving Kroger's brand, overseeing dunnhumby's integration, and establishing 84.51º.
Kroger (NYSE: KR) has scheduled its third quarter 2024 earnings conference call for Thursday, December 5, 2024, at 10:00 a.m. ET. During the call, the management team will discuss the company's financial and operational performance for Q3 2024. The presentation will be available online at ir.kroger.com under the 'Quarterly Results' section. Investors can access an on-demand replay of the webcast starting at approximately 1:00 p.m. ET on the same day.
Kroger's senior vice president and chief people officer Tim Massa has been inducted as a fellow of the National Academy of Human Resources (NAHR). As chief people officer, Massa oversees all HR and labor relations areas, including total rewards, diversity, training and development, talent management, and corporate affairs. He joined Kroger in 2010 and serves on multiple boards, including the Society of Human Resources Management and North American Human Resources Policy Association. NAHR fellowship recognizes sustained achievements and contributions to organizations, the HR profession, and society.
Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 20, 2024, to November 26, 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 between Kroger and Albertsons, which is anticipated during the fourth quarter of 2024. The required consents for certain series were received on August 29, 2024, with amendments to become operative upon settlement.