The Kroger Co. operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets; and sells fuel through 1,596 fuel centers. As of January 30, 2021, the company operated 2,742 retail food stores under various banner names in 35 states and the District of Columbia as well as an online retail store. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
IPO Year:
Exchange: NYSE
Website: thekrogerco.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/3/2024 | $60.00 | Outperform → Market Perform | BMO Capital Markets |
12/3/2024 | $54.00 → $73.00 | Hold → Buy | Jefferies |
11/27/2024 | $62.00 → $65.00 | Outperform | Telsey Advisory Group |
10/18/2024 | $56.00 | Neutral | Exane BNP Paribas |
6/18/2024 | $58.00 → $60.00 | Market Perform → Outperform | BMO Capital Markets |
4/16/2024 | $58.00 → $65.00 | Equal Weight → Overweight | Wells Fargo |
4/8/2024 | $48.00 | Neutral → Underperform | Exane BNP Paribas |
3/28/2024 | $60.00 → $62.00 | Outperform | Telsey Advisory Group |
3/8/2024 | $55.00 → $60.00 | Outperform | Telsey Advisory Group |
2/27/2024 | $42.00 → $50.00 | Underweight → Equal Weight | Wells Fargo |
Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
Reiterates Commitment to Investing in America to Lower Grocery Prices, Raise Associate Wages, and Support Local Communities Highlights Resilience of Value Creation Model and Strong Momentum to Drive Long-term, Sustainable Growth Board of Directors Authorizes $7.5B Share Repurchase Program including $5B Accelerated Share Repurchase CINCINNATI, Dec. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interes
Third Quarter Highlights Identical Sales without fuel increased 2.3%Operating Profit of $828 million; EPS of $0.84Adjusted FIFO Operating Profit of $1,017 million and Adjusted EPS of $0.98Achieved strong Adjusted Free Cash FlowExecuted its go-to-market strategy to deliver value for customers Grew digital sales 11%Our Brands sales growth outpaced total grocery sales growthIncreased total households and loyal households CINCINNATI, Dec. 5, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today reported its third quarter 2024 results, narrowed its guidance range and updated investors on how Kroger is positioned for long-term sustainable growth.
CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its third quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, December 5, 2024. Kroger's management team will comment on financial and operational results for the third quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, December 5, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated to our
Nourishing Change Conference will convene leaders across healthcare sectors for innovative dialogue and engagement on nutrition security, care delivery, community and mental well-being CINCINNATI, Oct. 18, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), today announced the Nourishing Change Conference, an inclusive summit on the future of health and wellbeing in America, will occur May 13 - 15, 2025 in Cincinnati, Ohio. This groundbreaking event is designed to explore the transformative power of nutrition, consumer product goods, technology, pharmacy, clinic, retail and other health interventions that can improve the holistic health of individuals and
CINCINNATI, Sept. 19, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Board of Directors today declared a quarterly dividend of 32 cents per share to be paid on December 1, 2024, to shareholders of record as of the close of business on November 15, 2024. The company's quarterly dividend has grown at a 13.5% compounded annual growth rate since it was reinstated in 2006. The company continues to expect, subject to board approval, an increasing dividend over time. Kroger's capital allocation strategy is to use its free cash flow to invest in the business to drive long-term sustai
Second Quarter Highlights Identical Sales without fuel increased 1.2%Operating Profit of $815 million; EPS of $0.64Adjusted FIFO Operating Profit of $984 million and Adjusted EPS of $0.93Achieved strong Adjusted Free Cash FlowExecuted its go-to-market strategy to deliver value for customers Grew digital sales 11%Increased total households, customer visits and loyal households CINCINNATI, Sept. 12, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today reported its second quarter 2024 results, reaffirmed guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth.
CINCINNATI, Aug. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its second quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, September 12, 2024. Kroger's management team will comment on financial and operational results for the second quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, September 12, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated t
CINCINNATI, Aug. 15, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) ("Kroger" or the "Company") announced today that it has commenced private exchange offers to certain eligible holders ("Eligible Holders") (each an "Exchange Offer" and, collectively, the "Exchange Offers") for any and all outstanding notes (the "ACI Notes") issued by Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc. ("Safeway"), Albertson's LLC ("Albertsons"), Albertsons Safeway LLC ("ASL") and American Stores Company, LLC ("ASC," and together with ACI, NALP, Safeway, Albertsons and ASL, the "Albertsons Issuing Entities"), as applicable, for up to $7,441,608,000 aggregate principal am
CINCINNATI, June 27, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Board of Directors approved a dividend increase from $1.16 to $1.28 per year. The next quarterly dividend of 32 cents per share will be paid on September 1, 2024, to shareholders of record as of close of business on August 15, 2024. Kroger's quarterly dividend has grown at a 13.5% compounded annual growth rate since it was reinstated in 2006. This marks the 18th consecutive year of dividend increases. The company continues to expect, subject to board approval, an increasing dividend over time. "The dividend i
BMO Capital Markets downgraded Kroger from Outperform to Market Perform and set a new price target of $60.00
Jefferies upgraded Kroger from Hold to Buy and set a new price target of $73.00 from $54.00 previously
Telsey Advisory Group reiterated coverage of Kroger with a rating of Outperform and set a new price target of $65.00 from $62.00 previously
Exane BNP Paribas initiated coverage of Kroger with a rating of Neutral and set a new price target of $56.00
BMO Capital Markets upgraded Kroger from Market Perform to Outperform and set a new price target of $60.00 from $58.00 previously
Wells Fargo upgraded Kroger from Equal Weight to Overweight and set a new price target of $65.00 from $58.00 previously
Exane BNP Paribas downgraded Kroger from Neutral to Underperform and set a new price target of $48.00
Telsey Advisory Group reiterated coverage of Kroger with a rating of Outperform and set a new price target of $62.00 from $60.00 previously
Telsey Advisory Group reiterated coverage of Kroger with a rating of Outperform and set a new price target of $60.00 from $55.00 previously
Wells Fargo upgraded Kroger from Underweight to Equal Weight and set a new price target of $50.00 from $42.00 previously
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Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
Davidson Bogel Real Estate ("DB2RE") is pleased to announce a new retail shopping center anchored by Kroger (NYSE:KR) in northwest Fort Worth. Houston-based real estate developer, SDI Realty, partnered with Nexus Real Estate Co. to purchase the land. The property is located in northwest Fort Worth, and is surrounded by several new single-family communities. The land was owned by Miami-based Lennar Homes (NYSE:LEN), where they are currently developing a single-family community called Rancho Canyon. Ryan Turner, David Davidson Jr., Edward Bogel and Collins Meier represented the purchaser, a partnership between SDI & Nexus, in acquiring a portion of the land for the grocery-anchored shopping
Retailer shares build-your-own bowl recipes for easy meal solutions CINCINNATI, Jan. 14, 2025 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today shared its simple guide to building the perfect bowl recipe, including extra veggies and a variety of proteins and grains for easy, hearty winter meal solutions. "Bowls are a perfect template for a fresh and hearty meal that are easy to prep ahead of time for a lunch away from home or no hassle dinner," said Carlo Baldan, group vice president of Fresh Merchandising at Kroger. "Make mealtime fun with a build-your-own bowl night where every
Program teaches teens how to spot signs of prescription drug misuse and abuse CINCINNATI, Jan. 13, 2025 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), today announced the expansion of the company's prescription drug safety program for high school students, Prescription Drug Safety: Know the truth. This initiative is part of Kroger Health's ongoing commitment to helping people live healthier lives by raising awareness about the safe use, storage and disposal of prescription medications. It is made available at no cost to middle and high schools through the company's strategic collaboration with EVERFI® the leader in powering social impact through educatio
CINCINNATI, Jan. 10, 2025 /PRNewswire/ -- The Kroger Family of Companies (NYSE:KR), including southern California's Ralphs and Food4Less stores, today announced a commitment to raise $1 million for families impacted by the devastating wildfires impacting the Los Angeles region. "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 California is no
Exclusively available at the Kroger Family of Stores, Simple Truth® introduces six limited-time bundles designed to help customers survive Quitter's Day and maintain their better-eating resolutions. CINCINNATI, Jan. 7, 2025 /PRNewswire/ -- Each year, more than half The Kroger Co. (NYSE:KR) customers set New Year's resolutions, but staying committed to those resolutions takes a lot of effort. That's why Simple Truth®, the brand that makes finding products that are Free From unwanted ingredients easy, is helping customers keep their resolutions on track. Just ahead of Quitter's Day on Friday, January 10 – when most customers begin to give up on their resolutions, Simple Truth® is unveiling si
CINCINNATI, Ohio, Dec. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced that it entered into Accelerated Share Repurchase ("ASR") agreements with each of Wells Fargo Bank, National Association and Citibank, N.A. (the "Dealers") to repurchase, in aggregate, $5.0 billion in shares of Kroger common stock. The ASR agreements will be completed under Kroger's recently announced $7.5 billion share repurchase authorization. Kroger is funding the share repurchases under the ASR agreements with existing cash on hand. Under the ASR agreements, Kroger will pay $5.0 billio
CINCINNATI, Dec. 17, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR), America's Grocer, today announced its Forbes recognition as one of America's Best Employers for Tech Workers and for providing exceptional customer service through its Kroger Family of Pharmacies. "We are honored to be recognized by Forbes as one of the Best Employers for Tech Workers and for our unparalleled customer service specifically in pharmacy. This recognition is a testament to our remarkable associates and their commitment to serving our customers and communities," said Tim Massa, senior vice presiden
CINCINNATI, Dec. 13, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR), America's grocer, today shared all the ways customers can save as they prepare for the holiday season, offering more than $1,200 in savings on everyday items and yuletide essentials across the store. "This holiday season, we want customers to create lasting memories and share their tables with an open heart," said Mike Murphy Kroger's group vice president of e-Commerce, Analytics & Execution for Merchandising. "We hope the additional savings can help customers spend more time with each other and less time worr
Reiterates Commitment to Investing in America to Lower Grocery Prices, Raise Associate Wages, and Support Local Communities Highlights Resilience of Value Creation Model and Strong Momentum to Drive Long-term, Sustainable Growth Board of Directors Authorizes $7.5B Share Repurchase Program including $5B Accelerated Share Repurchase CINCINNATI, Dec. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interes
Retailer drops price on zero-compromise shopping guide for the third year; more than $800 in savings available on holiday staples CINCINNATI, Nov. 14, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today shared its zero-compromise Freshgiving meal offering customers a holiday basket that includes all the staples for less than $4.85 per person—even more affordable than the retailer's turkey day bundle last year. Complete with pumpkin pie, turkey at the center of the plate and plenty of fresh sides, this feast is sure to please. "As families gather together to give thanks and ref
Customers invited to join in and round up purchases; debuts commercial raising awareness around food insecurity CINCINNATI, Sept. 17, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Zero Hunger | Zero Waste Foundation today announced its annual Hunger Action Month campaign, directing all funds raised in Kroger Family of Stores during the month of September to the Feeding America network of food banks in our communities. Customers can round up their purchase to the nearest dollar in their neighborhood store to help neighbors struggling with hunger. Hunger Action Month is an an
Boost by Kroger Plus members get exclusive access to more than $60 in savings during the two-week event CINCINNATI, July 8, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced a mega-sales event giving Boost by Kroger Plus members exclusive access to even more benefits offered through their membership during Boost Bonus Days running July 10-July 23. "Boost by Kroger Plus offers members incredible savings every day, and those savings are about to get even bigger with Boost Bonus Days," said Tom Duncan, Kroger's vice president of Marketing. "Boost has already saved mem
Company hiring for salaried and hourly roles in retail, supply chain, healthcare and delivery CINCINNATI, April 17, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR), today announced it is seeking to hire new associates for opportunities in retail, supply chain, healthcare and delivery to meet the company's ongoing staffing needs heading into the spring season. Candidates are invited to explore rewarding roles across the business, from cashiers, baggers and deli bakery clerks to pharmacy technicians, Kroger delivery drivers and many more. "Led by our purpose to Feed the Human Spir
Retailer recognizing Earth Month by protecting wildlife, introduces new reusable bags CINCINNATI, April 1, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR), today announced it is celebrating Earth Day the entire month of April, kicking off with a contribution from its Zero Hunger | Zero Waste Foundation to World Wildlife Fund (WWF). The company is also sharing progress on its Zero Hunger | Zero Waste milestones and introducing a new reusable bag campaign. "Earth Month is more than a month of awareness, it's a chance to refocus our commitment to advance positive impacts for our pl
MATTHEWS, N.C., Nov. 2, 2021 /PRNewswire/ -- Harris Teeter today announced President Rod Antolock's retirement after nearly 22 years of service to the organization, commencing February 1, 2022. He will be succeeded by Tammy DeBoer, currently Harris Teeter's senior vice president of merchandising, operations, and marketing. "Rod's leadership has been instrumental to the growth and success of Harris Teeter for more than two decades. His commitment to customer service and quality will continue to guide Harris Teeter into the future," said Rodney McMullen, Kroger's chairman and C
CINCINNATI, March 1, 2021 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced the retirement of Mike Donnelly, executive vice president and COO, after more than 42 years of distinguished service, effective later this spring. A succession plan will be announced at a later date. "With his relentless focus on the customer, Mike has led the organization to prioritize what is most important to their experience – full shelves, fresh foods and friendly associates," said Rodney McMullen, Kroger's chairman and CEO. "He energizes our teams to deliver results and the best experience for every customer, every time. Importantly, Mike has mentored and developed countless associates, inspiring them