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 Wellness Festival, presented by PepsiCo and P&G, is set to return on September 27 and 28, 2024, in Downtown Cincinnati. This free health and wellness event will feature over 200 experiences focused on six core pillars: balance, breathe, care, move, play, and uplift. Highlights include:
- Free concerts by Third Eye Blind and Jason Derulo
- Appearances by celebrities like Alex Rodriguez and Chrissy Teigen
- Fitness activities, cooking demos, and panel discussions
- Six stages sponsored by major brands
The festival aims to promote physical, mental, and emotional health for families in a new, larger location on Fifth Street.
Kroger (NYSE: KR) has announced its Smart Way™ product line, offering pantry staples for less than $3. This opening price point brand provides affordable options for essential kitchen items, including:
- Condiments, canned and dry goods starting at 99 cents
- Spices from $1.50
- Baked breads from $1.50
- Snacks and treats from $1.99
- Cold and frozen items from $2.29
Customers can access these products in-store or through Kroger Pickup and Delivery. Additional savings are available through digital coupons, the Boost by Kroger Plus membership, and the Kroger Family of Companies Rewards World Elite Mastercard®.
Home Chef, a leading meal solutions company, has partnered with the popular animated series PAW Patrol for a four-week collaboration aimed at making family dinnertime more exciting. Starting August 12, 2024, customers can order PAW Patrol-themed recipes that will change weekly until September 13. Each Family Menu meal will come in a special interactive box inspired by the PAW Patroller truck and include a surprise PAW Patrol toy.
The menu features character-inspired dishes like Chase's Cheesy Turkey Quesadilla and Marshall's Fire Roasted Tomato Tortellini. Home Chef is also hosting a giveaway for a PAW Patrol playhouse, kids' dishware set, and a year's worth of meals. New customers can use the code 'RESCUEDINNER' to receive 18 free meals. This collaboration aims to make mealtime more convenient, approachable, and fun for families with young children.
Vitacost.com, Kroger's e-commerce health and wellness retailer, is celebrating its 30-year anniversary and 10 years with Kroger by offering customer savings throughout the year. The company, known for providing affordable access to high-quality supplements, specialty foods, and eco-friendly products, is marking these milestones with several promotions:
- 30% discount on select brands every Thursday
- $30K Giveaway Sweepstakes with three $10,000 cash prizes
- 20% off first order for new email subscribers
Vitacost offers nearly 40,000 health and wellness products across various categories, including vitamins, beauty care, fitness, household essentials, and pet supplies. The company's commitment to providing affordable wellness products aligns with Kroger's strategy to offer customers convenient and tailored shopping options.
Kroger (NYSE: KR) has introduced Field & Vine™, a new fresh produce line in its Our Brands portfolio. The brand features locally grown berries from U.S. farmers in eight states, including blueberries, blackberries, raspberries, and strawberries. Field & Vine™ focuses on peak seasonality and optimal freshness, offering high-quality berries during the best U.S. growing seasons.
This -time, annual offering aims to provide customers with an enhanced fresh experience while supporting local growers. By sourcing locally, Kroger reduces transit time, ensuring better freshness and quality. Customers can purchase Field & Vine™ berries in-store or through Kroger Pickup and Delivery, with additional savings available through digital coupons and the Boost by Kroger Plus membership program.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), is promoting a comprehensive approach to back-to-school health. The company emphasizes the importance of vaccines, physical exams, and balanced nutrition for students' success. Dr. Marc Watkins, chief medical officer, highlights the role of vaccines in preventing infectious diseases and reducing school absences. Kroger Health provides a detailed list of recommended vaccines for different age groups, from kindergarten through high school.
The company offers wellness screenings, annual physicals, and preventive healthcare services through The Little Clinic. Additionally, Kroger Health focuses on the significance of healthy meals for students' energy and overall well-being. Laura Brown, director of nutrition, introduces their virtual dietitian services and the OptUP™ tool to help families make healthier food choices.
Murray's Cheese has won seven awards at the American Cheese Society (ACS) conference for their Cave Aged line, marking a significant achievement in their 20th anniversary year of cheese caves. The awards showcase Murray's expertise in aging and ripening cheeses, with their proprietary techniques and original recipes developed in collaboration with local creameries.
Notable winners include Cave Aged Original Buttermilk Basque (1st place in Sheep's milk cheese aged 31-60 days), Murray's Cave Aged Double Doe (1st place in washed cheeses from mixed milk), and Cave Aged Original Stockinghall Cheddar (1st place in Clothbound Cheddar aged up to 12 months). Murray's plans to celebrate with events at their Greenwich Village flagship store and introduce select cave aged cheeses at Kroger store cheese counters.
Kroger (NYSE: KR) has announced back-to-school savings with Locked In Low prices on meal staples and school supplies. The company is offering hundreds of items for breakfast, lunch, and dinner, as well as school essentials under $1. Kroger's initiative includes:
1. Easy breakfast solutions paired with fresh fruit
2. Lunch favorites for building nutritious meals
3. Family-friendly dinner ideas under $15
4. School supplies for less than $3, with many items at $1 or less
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. The company aims to provide affordable options for families during the back-to-school season.
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), is urging college students to get vaccinated before the fall semester. Vaccinations are important for protecting individual and community health, especially in close-quarter environments like college campuses. Common vaccine requirements for post-secondary enrollment include Meningococcal, Tdap, and MMR. Additional recommended vaccines are HPV, Influenza, and COVID-19.
Students in specific fields may need additional vaccinations. For example, those in healthcare programs might need Hepatitis B and TB tests, while students in trades involving material handling should get tetanus shots. Kroger Health emphasizes the importance of being up-to-date on vaccinations and offers convenient healthcare services for students and families at every life stage.
Kroger (NYSE: KR) has announced the return of seasonal favorite Hatch Chiles to its stores nationwide. Sourced directly from local farms in Hatch, New Mexico, these chiles are harvested and shipped within 24 hours. Kroger is offering an expanded range of Hatch Chile products, including fresh peppers in varying heat levels, seasoned meats, and prepared foods.
To celebrate the Hatch Chile season, Kroger is hosting over 4,000 live store roasting events across America. The company also provides instructions for customers to roast chiles at home. Kroger offers these products in-store and through their Pickup and Delivery services, with additional savings available through the Boost by Kroger Plus membership program.
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