The Kroger Family of Companies Pledging $1M to Support Families Impacted by Southern California Wildfires
Rhea-AI Summary
Kroger (NYSE:KR) has announced a $1 million commitment to support families affected by the Southern California wildfires. The initiative includes $500,000 in company matching funds for customer donations to benefit the American Red Cross and local Feeding America-affiliated food banks. Customers can contribute by rounding up their purchases at checkout or donating online.
The company is actively providing food, water, and supplies to fire departments and evacuation centers. Additionally, Kroger is supporting the California National Guard's disaster relief efforts through a Kroger + USO Mobile Canteen in Los Alamitos, CA, providing gift cards for necessary supplies. The company's Ralphs and Food4Less stores in the region are working with emergency responders while maintaining operations to serve affected communities.
Positive
- Demonstrates strong community engagement and corporate responsibility
- $500,000 in matching funds shows significant financial commitment
- Stores remain operational during crisis, maintaining revenue stream
- Strategic partnership with Red Cross and Feeding America enhances brand value
Negative
- Short-term financial impact from $500,000 matching fund commitment
- Potential disruption to store operations in affected areas
News Market Reaction 1 Alert
On the day this news was published, KR gained 0.63%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We strive to fulfill our purpose, to Feed the Human Spirit, every day, and especially when disaster strikes," said Rodney McMullen, Chairman and CEO of Kroger. "Our associates are always among the first to support our communities during natural disasters, and the situation in southern
The Kroger Family of Companies is raising
Kroger is making it easy for customers in several divisions to support relief efforts by providing an option to round up their purchases to the nearest dollar at checkout to benefit the Red Cross. Customers are also invited to donate online if their stores do not provide an option at checkout.
In addition to funds, Kroger is delivering food, water and supplies to local fire departments and evacuation centers. With the fires still raging, Ralphs and Food4Less will continue to work with law enforcement, emergency responders and our community partners to provide additional aid without disrupting their fire containment efforts.
To support the California National Guard being deployed to aid in disaster relief, the United Service Organizations (USO) is sending a Kroger + USO Mobile Canteen to
Every year, The Kroger Co. Foundation directs
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
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SOURCE The Kroger Co.