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) 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 has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 1, 2024, to November 7, 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 and consent solicitations for Albertsons Companies notes from October 28, 2024, to November 1, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and coincide with the merger closing, anticipated in Q4 2024. As of August 29, 2024, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger completion and other conditions that Kroger may waive.
Kroger has unveiled its top five food trends for 2025, based on insights from their food experts, product developers, and data science team. The trends include: Food Dupes highlighting private label alternatives; Bold & Briny featuring fermented flavors; The Protein Renaissance focusing on energy-sustaining proteins; Pepper Palette exploring international heat varieties; and Hail, Caesar showcasing innovative uses of Caesar dressing. The company emphasizes that these trends align with their Our Brands products, offering customers value while maintaining quality and unique flavors.
Kroger (NYSE:KR) has extended the expiration date of its previously announced Exchange Offers and Consent Solicitations for Albertsons Companies, Inc. (NYSE:ACI) Notes. The new expiration date is October 28, 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 new Kroger Notes and cash for outstanding ACI Notes.
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 to occur promptly after the Expiration Date and the merger closing. Kroger may further extend the Expiration Date and plans to provide advance notice of any such extension.
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.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), has announced the Nourishing Change Conference, scheduled for May 13-15, 2025, in Cincinnati, Ohio. This summit aims to explore the future of health and wellbeing in America, focusing on the transformative power of nutrition, consumer product goods, technology, pharmacy, clinic, and retail interventions.
The conference will bring together leaders from various healthcare sectors to discuss innovative approaches to nutrition security, care delivery, and community and mental well-being. Participants can choose from three tracks: nutrition insecurity, redefining healthy eating, and integrative care. The event will feature panel sessions on topics such as the future of retail health, nutrition insecurity, and innovation in health and science. Additionally, an emerging brands competition will showcase up-and-coming companies offering healthy product options.
Murray's Cheese has partnered with Sarah Jessica Parker and her wine label, Invivo X, SJP, to launch two exclusive product experiences. The first is SJP X Murray's: The Curated Collection, a holiday entertaining set featuring three wine-friendly cheeses designed to pair with Invivo X, SJP wines. This collection is available nationwide on murrayscheese.com and in over 1,200 Murray's shops within select Kroger stores.
The second product is Murray's Cave Aged Release Cobblestone, a cheese infused with Invivo X, SJP Sauvignon Blanc. This -edition cheese is available exclusively online and in Murray's NYC shops. Both products aim to elevate the wine and cheese pairing experience, combining Murray's expertise in cheese with SJP's award-winning wines.
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.
FAQ
What is the current stock price of Kroger (KR)?
What is the market cap of Kroger (KR)?
What services does The Kroger Co. provide?
How is Kroger involved in community support?
What are some of Kroger’s recent expansions?
What financial achievements has Kroger made recently?
What is the significance of the Kroger-Albertsons merger?
How does Kroger ensure sustainable growth?
What role do private-label products play in Kroger's business?
How does Kroger utilize technology and digital platforms?
What are Kroger's key financial strategies?
How can I stay updated on Kroger's latest news and updates?
