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.
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.
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 3, 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.
Kroger announced its Customer Appreciation Week, running from September 25 to October 1, 2024. This mega-sales event offers customers hot deals and digital coupons across various product categories. Highlights include:
- Kroger Brand® Orange Juice: two for $5 with card
- Kroger Brand® Pasta Sauce and Pasta: 99 cents each with card
- Coca-Cola, Pepsi, or 7UP: buy two, get two free with card
- Starbucks Coffee: buy one, get one free with card
Boost by Kroger Plus members can enjoy exclusive offers, including Kroger Brand® Flour and Smart Way™ Sugar for 99 cents each with a digital coupon. The event aims to show appreciation for customers' trust and loyalty. Shoppers can access these deals in-store or through Kroger Pickup and Delivery services.
Home Chef, a leading meal solutions company, is partnering with Kids Eat in Color's Jennifer Anderson, MSPH, RDN, to offer a -time menu of wholesome, family-friendly meals. This collaboration brings dietitian-approved, kid-tested recipes with pre-portioned ingredients delivered to customers' doors. The menu features creative, colorful recipes designed for kids' enjoyment, ease, and nourishment.
The partnership aims to make mealtime easier and more enjoyable for busy families. Home Chef will donate $1 for each Kids Eat in Color recipe ordered to Feeding America®'s efforts to help end hunger, up to $10,000. The menu is available to order now through October 18, with two dietitian-created meals featured per week for four weeks on Home Chef's Family Menu.
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 September 27, 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 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 expiration date 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.
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