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.
Kroger Co. (NYSE: KR) maintains its position as a leading U.S. food retailer through strategic initiatives across physical and digital markets. This news hub provides investors with essential updates on corporate developments, financial performance, and industry leadership.
Access timely press releases covering quarterly earnings, store expansions, sustainability efforts, and technological innovations. Our curated collection includes analysis of merger activity, private-label growth strategies, and competitive positioning within the grocery sector.
Key updates feature operational milestones like digital platform enhancements, pharmacy network developments, and community partnership programs. Track KR's responses to market trends, supply chain optimizations, and shareholder value initiatives through verified primary sources.
Bookmark this page for structured access to KR's official communications, enabling informed analysis of revenue drivers and long-term strategic direction. Regular updates ensure awareness of material developments affecting investment considerations.
The Kroger Co. (NYSE: KR) is enhancing its Zero Hunger | Zero Waste initiative, which aims to eliminate hunger and waste by 2025. A recent survey by Kroger's 84.51˚ shows that consumers are increasingly aware of food waste, with 35% saying they are more conscious since the COVID-19 pandemic. Kroger has partnered with 16 suppliers to halve food loss by 2030 and has reduced in-store food waste by 13% over two years. The company also advocates for simplified date labeling and community recycling programs.
Kroger collaborates with Jewel and Inclusion Companies to launch The Wellness Experience, a platform promoting mental wellness through various events. The inaugural event, a free World Mental Health Day Summit & Concert, is scheduled for October 10, 2020, featuring discussions on mindfulness, mental health, and performances by various artists. The initiative aims to address mental health challenges exacerbated by the COVID-19 pandemic while supporting the Inspiring Children Foundation with proceeds.
The Kroger Co. (NYSE: KR) has declared a quarterly dividend of 18¢ per share, set to be paid on December 1, 2020, to shareholders on record by November 13, 2020. Since its reinstatement in 2006, Kroger's dividends have grown at a double-digit compound annual growth rate. The company aims to increase dividends over time, supported by its capital allocation strategy that balances investment in business growth and shareholder returns. However, future dividends will depend on generating sufficient free cash flow and meeting operational expectations.
The Kroger Co. (NYSE: KR) announced on September 14, 2020, that associates at 98 stores in Dallas ratified a new labor agreement with UFCW Local 1000. The agreement will lead to wage increases for over 11,000 associates, with Kroger investing an additional $300 million in associate wages, totaling $800 million by year-end as part of its Restock Kroger initiative. The deal also includes ratification bonuses, retroactive pay, and enhanced health benefits for employees. This agreement reflects Kroger's continued commitment to its workforce and community support.
The Kroger Co. (NYSE: KR) reported strong Q2 2020 results, showcasing a 14.6% increase in identical sales and an EPS rise to $1.03 from $0.37 YoY. Total sales reached $30.5 billion, up from $28.2 billion, reflecting a 13.9% growth excluding fuel. The gross margin improved to 22.8%, while operating profit increased to $820 million. Kroger authorized a new $1 billion share buyback program and raised dividends by 13%, marking 14 consecutive years of increases. For FY 2020, Kroger expects identical sales growth exceeding 13% and adjusted EPS growth of 45%-50%.
Kroger Health, the healthcare division of Kroger Co. (NYSE: KR), launched an extensive flu shot program to facilitate vaccinations amid the COVID-19 pandemic. This initiative features touchless in-store appointments and drive-thru vaccinations at community Flu Shot Centers nationwide. Customers can easily book appointments online, and Kroger Health offers on-site flu shot services for organizations. With over 2,200 pharmacies and clinics across 35 states, the program aims to alleviate pressure on healthcare facilities and promote public health.
The Kroger Co. (NYSE: KR) will hold its second quarter 2020 earnings conference call on September 11, 2020, at 10:00 a.m. ET. Management will provide insights into the company’s financial and operational results for the quarter ended on August 15, 2020. The call will be available online at ir.kroger.com, with a replay accessible later in the day.
Kroger aims to create #ZeroHungerZeroWaste communities by 2025, focusing on a seamless shopping experience for over 11 million daily customers.
Wyndham Rewards has partnered with Home Chef, enabling members in the U.S. to earn 2,500 points on their first meal kit order and 500 points on subsequent orders. This collaboration aims to enhance member engagement by allowing points accumulation even when not traveling. Wyndham Rewards has 84 million members and offers numerous opportunities to earn points through everyday purchases. Members can enjoy meals starting at $6.99 per serving. This initiative reflects Wyndham's commitment to providing valuable rewards for its members.
Kroger Health has launched a new interactive prescription drug safety course aimed at educating adults on the responsible use of medications. This initiative, developed in collaboration with EVERFI, provides essential information regarding the dangers of prescription drug misuse, which the CDC identifies as a significant public health issue, citing over 67,000 opioid-related deaths in 2018. The free wellness resource includes 10 interactive learning modules and is designed to help users understand safe disposal methods and support those struggling with opioid misuse.
Kroger Health has expanded its COVID-19 testing services to over 220 clinic locations, available by appointment for both symptomatic and asymptomatic patients. This initiative comes alongside the COVIDCare Plus testing program, ensuring increased access to testing amid the impending flu season. The clinics can accommodate up to 5,000 tests daily. Kroger Health has conducted over 150,000 COVID-19 tests since April, emphasizing the importance of testing as flu season approaches due to overlapping symptoms. Additional safety measures have been implemented at clinics to protect patients and staff.
