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) generates a steady flow of news that reflects its role as a large U.S. grocery retailer and digital food platform. Company announcements span grocery merchandising, health and wellness, digital innovation, partnerships, and community impact, giving investors and customers insight into how Kroger evolves its business and serves shoppers.
Recent news highlights include seasonal product launches under Kroger’s Our Brands portfolio, such as the Private Selection Harvest Apple collection, which showcases limited-edition fall flavors across beverages, snacks, and bakery items. Kroger also shares annual food trend predictions developed by its food experts, connecting emerging customer preferences to specific products in its exclusive brands.
Kroger Health and The Little Clinic are frequent subjects of updates, including vaccination campaigns that offer savings incentives for customers who receive flu and other vaccines at Kroger pharmacies or clinics. These stories illustrate how the company integrates healthcare services and the "food as medicine" concept into the grocery experience.
On the digital front, Kroger news covers partnerships and technology initiatives, such as the nationwide launch of thousands of Kroger Family of Companies locations on Uber Eats, Uber, and Postmates for on-demand grocery delivery. The company also reports on its expanded relationship with Google Cloud, where it plans to use Gemini Enterprise for Customer Experience to power an AI-based shopping and meal assistant.
Corporate updates include leadership changes, the sale of non-core assets like Vitacost.com, and programs aimed at affordability and food access, such as the Verified Savings Program and Yearly Checkout savings summaries. For anyone tracking KR, this news feed offers a consolidated view of how Kroger manages merchandising, health, technology, and community initiatives over time.
Kroger (NYSE: KR) has announced the formation of a new eCommerce business unit to streamline its online customer experience operations. Yael Cosset, previously Senior Vice President and Chief Information Officer, has been promoted to Executive Vice President and Chief Digital Officer to lead this initiative, effective immediately.
In his expanded role, Cosset will maintain oversight of the company's technology and data operations while taking charge of the new eCommerce unit. The company reported eCommerce sales of $13 billion in 2024, highlighting the significance of this strategic reorganization.
Kroger (NYSE: KR) reported strong Q4 and fiscal 2024 results, with Q4 identical sales excluding fuel up 2.4% and full-year identical sales without fuel increasing 1.5%. Q4 operating profit reached $912 million with EPS of $0.90, while adjusted FIFO operating profit hit $1,174 million with adjusted EPS of $1.14.
Key fiscal 2024 achievements include $13B in digital sales, with digital growth of 11% in Q4. The company's Media business saw a 17% increase, contributing to $1.35B in Operating Profit from Alternative Profit Businesses. Kroger initiated a $5.0B Accelerated Share Repurchase Program under its $7.5B authorization.
For 2025 guidance, Kroger projects identical sales without fuel of 2.0-3.0%, adjusted FIFO operating profit of $4.7-$4.9 billion, and adjusted EPS of $4.60-$4.80. The company maintains a strong balance sheet with a net total debt to adjusted EBITDA ratio of 1.79.
Kroger (NYSE: KR) announced the immediate resignation of Chairman and CEO Rodney McMullen following a Board investigation into his personal conduct that violated the company's Policy on Business Ethics. The conduct was unrelated to business operations or financial performance.
The Board appointed Lead Director Ronald 'Ron' Sargent as interim CEO and Chairman, while Mark Sutton will serve as lead independent director. A Search Committee has been formed to find the next CEO.
Sargent, a Kroger director since 2006 and former Chairman and CEO of Staples, brings 35 years of retail experience, including his early career at Kroger. The company expects its full-year Identical Sales without fuel to reach the high end of guidance, with Adjusted Earnings Per Share projected to be slightly above the high end of guidance range.
Kroger (NYSE:KR) has announced a winter soup campaign highlighting various recipes and meal solutions for customers during the cold season. Carlo Baldan, Kroger's group vice president of Fresh Merchandising, introduced a range of recipes available on Kroger's blog, The Fresh Lane.
The announcement features multiple soup categories including classic recipes like Chicken Noodle Soup, Baked Potato Soup, and specialty options such as Egg Drop Soup and Chickpea Vegetable Minestrone. The company also promotes stew recipes including Slow Cooker Beef Stew and various chili options like Classic Slow Cooker Chili and Cincinnati Chili.
Additionally, Kroger highlights their Home Chef ready-to-eat soup options and promotes their Boost by Kroger Plus membership program, which offers potential savings of up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a Kroger (NYSE: KR) subsidiary and leading meal solutions company, announces a four-week collaboration with Nickelodeon's SpongeBob SquarePants running through March 21, 2025. The partnership features themed menu items including the Pineapple Under the Sea Burger, CHOCOLATE! Brownie Cookie Skillet, and The Krusty Krab Pizza Flatbread.
New customers can use code 'CHEFKRABS' to receive meals for $4.99 per serving with free shipping. The promotion includes special collectible boxes during March 10-17 weeks and a complimentary SpongeBob mini spatula while supplies last. Home Chef, ranked #1 among meal delivery services by Newsweek (2024), offers its services online and in over 2,400 Kroger Family stores.
Kroger (NYSE: KR) announces its first-ever Hour Back Box initiative to help customers adjust to daylight saving time. The -edition boxes contain Our Brands breakfast essentials, including Private Selection Cold Brew Coffee Concentrate, Simple Truth Oatmilk Creamer, and Kroger Frozen Breakfast Sandwiches. Each box includes a gift card for a one-year Kroger Boost membership ($59 value).
The promotion launches March 4, 2025, at 12 p.m. EST with free boxes available on a first-come, first-served basis. Additionally, starting March 7, customers can claim one of 39,000 free breakfast items through a digital coupon redeemable at Kroger stores or online. The Boost membership offers benefits including free grocery delivery (minimum $35 order), 2X fuel points, and potential savings of up to $1,100 per year.
Kroger (NYSE: KR) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, March 6, 2025, at 10:00 a.m. ET. During the call, the management team will discuss the company's financial and operational performance for both the fourth quarter and the full year 2024.
The presentation will be accessible to investors and the public through a live webcast on Kroger's investor relations website (ir.kroger.com) under the 'Quarterly Results' section. For those unable to attend the live session, an on-demand replay will become available at approximately 1:00 p.m. ET on the same day.
Kroger (NYSE: KR) announced details about its Express Delivery service, powered by Instacart, offering customers rapid delivery of groceries at in-store prices. The service is accessible through Kroger's website and digital app, maintaining the same prices, savings, and rewards as in-store shopping.
The company also highlighted additional quick delivery options including: Free Pickup in as little as two hours for orders over $35, Two-Hour Delivery service, and Kroger Delivery via refrigerated Blue Trucks. The Boost by Kroger Plus membership program offers potential savings up to $1,100 per year through fuel savings, exclusive discounts, streaming options, and grocery delivery benefits.
Home Chef, a subsidiary of Kroger (NYSE: KR), has announced a four-week partnership with chef and entrepreneur Ayesha Curry to offer exclusive recipes through their meal kit service. The collaboration, running until March 14, features dishes from Curry's kitchen and cookbooks, available in various formats including Classic Meal Kit, Express Plus, and Culinary Collection.
The menu includes specialties like Jerk-Style Chicken, Sweet Sambal Yellowtail, and Pan-Seared Filet Mignon. New customers can use code 'CHEFCURRY' for meals at $4.99 per serving plus free shipping. The company is also running a giveaway through March 4, offering five winners beverage pairings and a $100 Home Chef gift card.
Kroger (NYSE: KR) has announced its CFO succession plan, with David Kennerley, currently senior vice president and CFO of PepsiCo Europe, appointed as the new Chief Financial Officer effective April 3. Kennerley will join Kroger on March 10, while current interim CFO Todd Foley will continue through the fiscal year 2024 reporting cycle and remain as senior vice president during the first quarter to ensure a smooth transition.
Foley, who joined Kroger in 2001, has served in various financial roles including audit manager, controller, vice president and treasurer before stepping into the interim CFO role in 2024. Kennerley brings nearly 25 years of experience from PepsiCo, where he has held various finance leadership positions across international markets since 2001, most recently serving as CFO for PepsiCo Europe since March 2020.
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