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 |
---|---|---|---|
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 |
9/22/2023 | $52.00 | Hold | HSBC Securities |
3/20/2023 | $60.00 | Neutral → Buy | Northcoast |
3/3/2023 | $54.00 | Neutral → Overweight | JP Morgan |
1/17/2023 | $44.00 → $46.00 | Underweight → Equal-Weight | Morgan Stanley |
CINCINNATI, Sept. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of 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"), as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date
CINCINNATI, Sept. 5, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) and The Procter & Gamble Company (NYSE:PG) today kicked off year three of their Game Changers program, an effort to advance women in sports, business and education in partnership with the LPGA tournament, Kroger Queen City Championship presented by P&G. "In year three of the Game Changers program, we are honored to have supported more than 400 women in pursuit of their academic and professional aspirations since we began, including awarding nearly $100,000 to students since the scholarship program began," said
Available for a limited time; in stores only CINCINNATI, Sept. 4, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced the return of Private Selection's® Harvest Apple, a limited-edition collection of products featuring one of the season's most iconic flavors. Debuting last year to critical acclaim, this can't miss fall line up returns, bringing back several customer favorites along with all-new delectable Harvest Apple products to try. Available beginning September 8, products can exclusively be shopped in-store only while supplies last. "Private Selection's® Harvest
CINCINNATI, Sept. 3, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), today shared how Kroger Health customers can save at Kroger Family Stores when they get vaccinated for the flu ahead of peak flu season. Customers may receive a $5 off coupon to be used at a Kroger Family Store when they receive a flu vaccine and a $20 off coupon when they receive a flu vaccine along with any additional vaccine during the same visit. "Vaccines are one of the most effective ways that we help protect our customers from illnesses and contribute to healthy
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. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has received the requisite number of consents to adopt certain proposed amendments (the "Proposed Amendments") with respect to certain series of the outstanding notes (the "ACI Notes") of 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"), as applicable. The results are based on early tenders in the (i) offers to exchange (collectively, the "Exchange Offers") any and all outstanding ACI Notes for up to $7,441,608,000 agg
CINCINNATI, Aug. 26, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), is reminding customers about the importance of helping to safeguard the health of our communities by receiving a flu, COVID-19 or RSV vaccine, available at all Kroger Family of Pharmacies and The Little Clinic locations. "Vaccines are a critical tool that can help prevent the spread of diseases, maintain public health, and are one of our best defenses against these diseases," said Colleen Lindholz, president, Kroger Health. "At Kroger Health, we are committed to making
Collaboration carefully curated with Lisa Vanderpump's signature style CINCINNATI, Aug. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced the launch of Vanderpump Blooms x Bloom Haus™, a floral collection curated by businesswoman, TV personality, author and philanthropist Lisa Vanderpump. Available exclusively at Kroger Family of Stores beginning September 4, the collection brings Vanderpump's trademark elegant aesthetic to life with gorgeous floral arrangements. "We could not be more thrilled to collaborate with Lisa Vanderpump to launch this expertly curated
Program has granted more than $5 million in scholarship funds CINCINNATI, Aug. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) Foundation today announced the Kroger Scholars for the 2024-2025 academic year, awarding $300,000 to 120 students. All scholars are the children of Kroger associates and receive $2,500 toward any accredited two- or four-year college, university or vocational program. Launched in 2008, the Kroger Scholars Program has awarded more than $5 million in scholarship funds. "To be selected for this scholarship is a tremendous honor. I am reminded that people
CINCINNATI, Aug. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) ("Kroger" or the "Company") announced today that it has priced a public offering in an aggregate principal amount of $1.0 billion of its 4.700% Senior Notes due 2026 at a price of 99.996 percent of par (the "2026 notes"); $1.0 billion of its 4.600% Senior Notes due 2027 at a price of 99.980 percent of par (the "2027 notes"); $1.4 billion of its 4.650% Senior Notes due 2029 at a price of 99.895 percent of par (the "2029 notes"); $1.3 billion of its 4.900% Senior Notes due 2031 at a price of 99.961 percent of par (the "2031 notes"); $2.2 billion of its 5.000% Senior Notes due 2034 at a price of 99.747 percent of par (the "2034
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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
HSBC Securities initiated coverage of Kroger with a rating of Hold and set a new price target of $52.00
Northcoast upgraded Kroger from Neutral to Buy and set a new price target of $60.00
JP Morgan upgraded Kroger from Neutral to Overweight and set a new price target of $54.00
Morgan Stanley upgraded Kroger from Underweight to Equal-Weight and set a new price target of $46.00 from $44.00 previously
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
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
First Quarter Highlights Identical Sales without fuel increased 0.5%Operating Profit of $1,294 million; EPS of $1.29Adjusted FIFO Operating Profit of $1,499 million and Adjusted EPS of $1.43Executed its go-to-market strategy to deliver value for customers Grew digital sales more than 8%, with Delivery and Pickup combining for double-digit growth Increased total households, loyal households and customer visits CINCINNATI, June 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today reported its first 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, June 6, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its first quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, June 20, 2024. Kroger's management team will comment on financial and operational results for the first 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, June 20, 2024. About KrogerAt The Kroger Co. (NYSE:KR), we are dedicated to our Purpose:
CINCINNATI, March 14, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Board of Directors today declared a quarterly dividend of 29 cents per share to be paid on June 1, 2024, to shareholders of record as of the close of business on May 15, 2024. The company's quarterly dividend has grown at a 13.7% 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 sustainable net
Fourth Quarter Highlights Identical Sales without fuel decreased 0.8%; underlying Identical Sales without fuel increased 0.1%(1)Operating Profit of $1,194 million; EPS of $1.01Adjusted FIFO Operating Profit of $1,307 million and Adjusted EPS of $1.34, which include a benefit of $187 million and $0.20 from the 53rd week, respectively Executed its go-to-market strategy to deliver value for customers Grew digital sales more than 10%, excluding the 53rd week Increased both loyal households and customer visits Fiscal 2023 Highlights Identical Sales without fuel increased 0.9%; underlying Identical Sales without fuel increased 2.3%(1)Operating Profit of $3.1 billion; EPS of $2.96Adjusted FIFO Ope
CINCINNATI, Feb. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its fourth quarter 2023 earnings conference call at 10:00 a.m. ET on Thursday, March 7, 2024. Kroger's management team will comment on financial and operational results for the fourth quarter and full year 2023. 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, March 7, 2024. About KrogerAt The Kroger Co. (NYSE:KR), we are dedicate
CINCINNATI, Jan. 19, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Board of Directors today declared a quarterly dividend of 29 cents per share to be paid on March 1, 2024, to shareholders of record as of the close of business on February 15, 2024. The company's quarterly dividend has grown at a 13.7% 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 sustainabl
Third Quarter Highlights Identical Sales without fuel decreased 0.6%; underlying Identical Sales without fuel increased 1.0%(1)Operating Profit of $912 million; EPS of $0.88Adjusted FIFO Operating Profit of $1,022 million; Adjusted EPS of $0.95Achieved strong Adjusted Free Cash Flow leading to a net total debt to adjusted EBITDA ratio of 1.40, compared to a target range of 2.3 to 2.5Executed its go-to-market strategy to deliver value for customersGrew digital sales 11%Increased total and loyal customer householdsCINCINNATI, Nov. 30, 2023 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today reported its third quarter 2023 results and updated investors on how Leading with Fresh and Accelerating wit
- Bloomberg
Albertsons Companies Inc (NYSE:ACI) reported first-quarter FY24 sales growth of 0.9% year-on-year to $24.27 billion, beating the analyst consensus estimate of $24.14 billion. The increase was driven by a 1.4% increase in identical sales, with strong growth in pharmacy sales driving the identical sales increase. Digital sales increased 23%. Gross margin rate expanded 10 basis points to 27.8%. The operating margin was 1.9%, and operating income for the quarter declined 26.1% to $459.6 million. The company held $291.1 million in cash and equivalents as of June 15. Operating cash flow totaled $960.9 million. Adjusted EBITDA of $1.183 billion decreased 10.2% Y/Y. Adjusted EPS of $0.66
The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) Richard M Schulze sold a total of 1,600,000 shares at an ave
Argus Research analyst Chris Graja maintains Kroger (NYSE:KR) with a Buy and raises the price target from $70 to $72.
Kroger (NYSE:KR) has outperformed the market over the past 20 years by 1.21% on an annualized basis producing an average annual return of 9.7%. Currently, Kroger has a market capitalization of $37.83 billion. Buying $100 In KR: If an investor had bought $100 of KR stock 20 years ago, it would be worth $632.91 today based on a price of $52.41 for KR at the time of writing. Kroger's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
"As a leader in both agriculture and self-care including nutritional supplements, Bayer is uniquely positioned to positively improve access to essential nutrients holistically. We're committed to bringing nutritious food, multivitamins, and supplements within physical and financial reach of those who need it most," said Dave Tomasi, President, Bayer Consumer Health, North America.
- Reuters
Kroger Co. (NYSE:KR) has reportedly revealed the comprehensive list of stores, distribution centers, and plants it plans to divest to gain regulatory approval for its proposed merger with Albertsons Companies Inc (NYSE:ACI). The announcement comes as the companies prepare for a trial in August that will determine the fate of their $24.6 billion merger. Employees at the affected locations have been notified, according to a memo from Chief Executive Officer Rodney McMullen, reported Bloomberg. Impacted workers will transition to becoming employees of C&S Wholesale Grocers after the deal closes but will remain under Kroger and Albertsons until then, the report added. C&S has pledged