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.
The Kroger Co. (NYSE: KR) has launched the Harvest Collection from Sewing Down South for HD Designs®, curated by reality TV personality Craig Conover. This second collaboration features housewares, home décor, and baking essentials, exclusively sold at Kroger Family of Stores. The collection is inspired by elevated coastal living and aims to bring style and elegance to everyday moments.
The Harvest Collection includes items such as wood and silicone utensils, ceramic bowls, rattan serving trays, and candles. Craig Conover shares his favorite Apple Pear Crisp recipe to complement the collection. At Fred Meyer locations, customers can experience special in-store displays with an expanded product range including bedding and bath items.
Kroger (NYSE: KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE: ACI) notes. The new expiration date is October 22, 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 ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are conditioned upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. 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.
The Kroger Co. (NYSE: KR) has announced plans to hire over 25,000 associates for the upcoming holiday season and beyond. The company is seeking candidates for various roles, including front-end clerks, baggers, deli bakery clerks, pharmacy technicians, and Kroger delivery drivers. Kroger offers comprehensive benefits, including competitive salaries, healthcare, retirement plans, and a tuition reimbursement program of up to $21,000 for both part-time and full-time associates.
The company has been recognized for its workplace culture, diversity initiatives, and commitment to creating opportunities for growth. Kroger provides on-demand training, career advancement resources, and support for employees' health and well-being. Additional perks include flexible scheduling, grocery discounts, and access to financial counseling services.
Kroger (NYSE: KR) has released its Halloween guide, highlighting America's favorite candies and offering festive deals and recipes. According to Kroger, the top three candies this Halloween are REESE'S Peanut Butter Cups, Snickers, and Kit Kat's. The retailer suggests pairing these candies with seasonal drinks like Sam Adams' Octoberfest and Jack-O Pumpkin Ale.
Kroger is offering special deals on Halloween candy, including Jumbo Candy Bags for $4.99 from Oct. 9-15 and a 25% off digital coupon from October 18-20. The company is also introducing the Kroger Franken Ropes Chewy Halloween Candy Bag featuring a 'Franken-Kroji.'
Customers can find Halloween inspiration and recipes on Kroger's blog, The Fresh Lane. The retailer offers various shopping options, including in-store, pickup, and delivery services, with additional savings through the Boost by Kroger Plus membership program.
The Kroger Co. (NYSE: KR) has announced that Boost by Kroger Plus annual memberships will now include Disney streaming options. Members can select Disney+ Basic (With Ads), Hulu (With Ads), or ESPN+ as part of their benefits. The $99 Annual Members receive a complimentary subscription for the duration of their membership, while $59 Annual Members get a one-time six-month subscription or can upgrade to the $99 plan for an ongoing subscription.
Boost members can save up to $1,000 per year on fuel, groceries, and delivery fees. Other benefits include free delivery, 2X Fuel Points for every $1 spent, member-exclusive offers, and free items. Kroger Rewards World Elite Mastercard® cardholders may redeem a free one-year, next-day Boost membership or receive a one-year extension of their current membership.
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new expiration date is October 16, 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 ACI Notes for new Kroger Notes and cash. The exchange offers and consent solicitations are conditioned upon the closing of the merger between Kroger and ACI, expected in the fourth quarter of 2024. Settlement is anticipated shortly after the expiration date and merger closing. The exchange offers allow for valid withdrawals until the expiration date, while the consent solicitations do not. Kroger Notes offered in the exchange have not been registered under the Securities Act of 1933 and may not be offered or sold in the U.S. without registration or an applicable exemption.
Kroger (NYSE: KR) has announced tailgating staples and savings for customers to enjoy during sporting events and watch parties. The company is offering deals on various items including:
- Grilling essentials like beef patties, pork spareribs, and chicken wings
- Snacking trays featuring pepperoni, salami, and cheese
- Ice-cold beverages from popular brands
- Gameday treats from the bakery section
- Local fan gear
Kroger also suggests easy tailgate food ideas such as sliders, hot dogs, chicken wings, and chili. The company provides recipes for these dishes and slow cooker options like pimento cheese dip and bacon mac and cheese. Customers can shop in-store or through Kroger Pickup and Delivery, with additional savings available through digital coupons and the Boost by Kroger Plus membership program.
Kroger (NYSE: KR) has finalized the sale of its specialty pharmacy business to Elevance Health, as announced on October 4, 2024. The transaction, initially agreed upon on March 18, 2024, has been completed with efforts to minimize disruptions for patients and associates. Kroger's in-store retail pharmacies and The Little Clinics were not part of this deal.
The specialty pharmacy, which caters to patients with chronic illnesses requiring complex care, is now under Elevance Health's ownership. Notably, this sale is not expected to affect Kroger's 2024 financial guidance. RBC Capital Markets, served as the financial advisor, while Weil, Gotshal & Manges LLP and Arnold & Porter Kaye Scholer LLP provided legal counsel to Kroger for this transaction.
Kroger has announced support for disaster relief efforts in the aftermath of Hurricane Helene. The company is facilitating customer donations through round-up purchases and checkout donations at Harris Teeter locations and Kroger stores in Atlanta and Nashville divisions. These donations, along with a matching grant from the Kroger Co. Foundation, will benefit the American Red Cross.
Kroger is also distributing truckloads of water and ice to affected communities and plans to continue this effort. The company supports the United Service Organizations (USO) and sponsors USO | Kroger Mobile Canteens to aid National Guard members involved in disaster relief. Additionally, Kroger will provide gift cards to the USO and has redirected product donations from the cancelled Kroger Wellness Festival to hurricane relief efforts.
Kroger (NYSE:KR) has extended the expiration date for its exchange offers and consent solicitations related to Albertsons Companies, Inc. (NYSE:ACI) notes. The new deadline is 5:00 p.m. New York City time on October 9, 2024. This extension applies to the exchange of up to $7,441,608,000 aggregate principal amount of ACI Notes for new Kroger Notes and cash.
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 shortly after the expiration date and merger closing. Kroger may further extend the deadline if necessary.
The exchange offers remain subject to the terms outlined in the August 15, 2024 confidential offering memorandum. Eligible holders of ACI Notes can obtain documents by completing an eligibility certificate. The Kroger Notes offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the US without registration or an applicable exemption.
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