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) has officially opened a new spoke facility in Austin, Texas, enhancing its delivery services for local customers. This 70,121-square-foot facility aims to improve access to fresh groceries and unique products while employing nearly 70 associates. The new location integrates with the Dallas fulfillment center, ensuring optimal freshness during delivery. Customers can benefit from digital coupons and the Boost by Kroger Plus membership, potentially saving up to $1,000 annually. This expansion, part of a collaboration with Ocado Group, utilizes advanced technology to streamline grocery e-commerce.
The Kroger Co.'s Chief Information Officer, Yael Cosset, shared insights at ShopTalk 2023 in Las Vegas on March 29, 2023. He highlighted how technology enhances customer and associate experiences, noting that Kroger saved customers
The Kroger Co. (NYSE: KR) recently opened a new Customer Fulfillment Center (CFC) in Aurora, Colorado, expanding its delivery services in the Denver Metro area. The 300,000 sq. ft. facility will create over 200 jobs and enhance access to fresh groceries. Customers can order products directly to their homes, benefiting from personalized digital coupons and a membership program offering free delivery. The facility employs advanced technology for efficient deliveries, with a focus on customer satisfaction. Kroger's collaboration with Ocado boosts its e-commerce capabilities, supporting expansion plans across the U.S.
Food 4 Less/Foods Co. is hosting hiring events from March 17 to May 13, 2023, seeking to fill salaried and hourly positions in retail, supply chain, and manufacturing. Weekly in-store events will occur every Tuesday from 4:00 p.m. to 7:00 p.m. Potential candidates can also join virtual sessions on April 4 and May 2 from 1:00 p.m. to 4:00 p.m. EST. Interested applicants are encouraged to complete online applications before attending. The company offers comprehensive benefits, continued education, and wellness resources, illustrating its commitment to associate development. Food 4 Less is a subsidiary of Kroger (NYSE: KR), operating over 121 supermarkets in various states.
Hapi Water has expanded its distribution by partnering with Harris Teeter, making its sugar-free flavored water available in 250 grocery stores across North Carolina, South Carolina, Virginia, Georgia, Maryland, Delaware, Florida, and Washington. This partnership aims to align with Harris Teeter's commitment to offering healthy products. Hapi Water provides a tasty alternative to sugary drinks, with zero calories and sugar, and is available in four flavors: Sunny Strawberry Kiwi, Pure Punch, Apple Joy, and Grape D'Vine. The product is packaged conveniently in 6-ounce pouches and is marketed towards both children and adults.
Ralphs Grocery Company is actively hiring for various positions in retail, supply chain, and manufacturing, with events commencing on March 13, 2023. Interested candidates can attend weekly hiring events every Tuesday from 4:00 PM to 7:00 PM until May 13, 2023, at in-store locations. Virtual sessions are also available on April 4 and May 2, 2023, from 1:00 PM to 4:00 PM EST. Prospective associates should apply online beforehand and can expect resources like comprehensive wage packages, tuition reimbursement, training, and health benefits. Ralphs, a subsidiary of Kroger (NYSE:KR), operates 184 supermarkets in Southern California.
The Postal Prescription Service (PPS) disclosed an internal error on January 10, 2023, where patient names and email addresses were improperly shared with an affiliated grocery business, The Kroger Co. (KR). The data breach affected individuals who created an online PPS account between July 2014 and January 13, 2023. Importantly, no financial or clinical data was disclosed. Kroger is reviewing its procedures to prevent future incidents. Affected individuals have been notified, and customers are encouraged to monitor their accounts for suspicious activity.
The Kroger Co. (NYSE: KR) has announced a quarterly dividend of 26 cents per share, payable on June 1, 2023, to shareholders on record by May 15, 2023. This dividend reflects a consistent growth trend, achieving a double-digit compounded annual growth rate since its reinstatement in 2006. Kroger aims to continue increasing dividends over time, underscoring its commitment to returning capital to shareholders while investing in long-term earnings growth. The company balances its free cash flow efficiently, maintaining an investment-grade debt rating amidst various market challenges.
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