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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.
On April 19, 2023, Ralphs/Kroger Health, in partnership with Cardinal Health and DisposeRx, announced their participation in Drug Take Back Day on April 22, 2023. This event allows patients to responsibly dispose of prescription medications at various locations in Southern California from 10 am to 2 pm. The initiative aims to combat prescription drug misuse, which affects 16.3 million Americans annually, resulting in over 96,000 overdose deaths. Over the years, Ralphs and its partners have collected over 128,000 pounds of unused medications, securing a healthier environment for local communities. Locations for the disposal event include police departments and hospitals, with local law enforcement present to assist. More details can be found at www.ralphs.com/takebackday.
Kroger Health and EVERFI mark their fifth anniversary of collaboration aimed at reducing prescription medication misuse and opioid-related deaths in the U.S. Their joint Prescription Drug Safety education program has reached over 100,000 students across 1,300 schools in 14 geographies. Notable outcomes include 80% of students identifying signs of drug misuse, 83% understanding refusal methods, and 79% feeling equipped to assist peers struggling with substance abuse. The initiative empowers students to make informed decisions about prescription medications, fostering a culture of safety and responsibility. The partnership has a significant impact on public health and community education.
The Kroger Co. (NYSE: KR) announced its spring offerings on April 10, 2023, emphasizing affordable outdoor dining options. The average cost per meal spread is under $20, featuring items like Chopped Caprese Pasta Salad and Chicken Salad Croissants. Kroger aims to enhance customer experiences with lower prices on fresh items as warmer weather approaches, according to Dan De La Rosa, group vice president of fresh merchandising. Promotions include a buy five, save $5 event until April 11 and digital coupons valid from April 12-25. Additionally, loyalty members can earn up to 5X Fuel Points on Fridays, maximizing savings for travelers. Kroger's delivery service is also highlighted for customers on vacation, with a Boost membership that offers substantial savings on grocery delivery.
Redirect Health has partnered with Kroger/Smith's to enhance healthcare access for small and medium-sized businesses (SMBs) in Utah. This collaboration aims to address rising healthcare costs, as SMBs face increasing out-of-pocket expenses and double-digit premium hikes. A kick-off event on April 11, 2023, will provide local brokers and business owners insights into affordable healthcare solutions. Redirect Health's plans focus on relieving employees from steep premiums and deductibles, promoting better workforce health. The partnership enables customers to conveniently access prescriptions at Kroger pharmacies, further enhancing the affordability and quality of care for local businesses.
Kroger (NYSE: KR) has introduced a budget-friendly fresh Easter menu for families, costing less than $7.50 per person to serve ten. The menu features items like Kroger Spiral Ham and Private Selection Cheese Macaroni, highlighting the company's commitment to low prices and quality. Senior VP Stuart Aitken emphasized the zero-compromise aspect of the meal, promising consistent value amidst inflation. Additional promotions include a buy five, save $5 event and 4X Fuel Points on gift card purchases, enhancing customer savings.
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