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 |
|---|---|---|---|
| 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 |
| 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 |
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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
CINCINNATI, Nov. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced Kroger's senior vice president and chief people officer Tim Massa's induction to the National Academy of Human Resources (NAHR) as a fellow. NAHR fellows are recognized for their sustained achievements and contributions to their organizations, the HR profession and society at large. "We are extremely fortunate to have Tim Massa leading our associates, ensuring our teams enjoy a culture of opportunity, growth and careers with purpose," said Rodney McMullen, CEO of Kroger. "Tim leads by example, b
CINCINNATI, Nov. 19, 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., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, 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 for the related solicitations of consents (collectiv
The retailer is unveiling the most popular Thanksgiving foods and holiday shopping habits based on surveyed households. CINCINNATI, Nov. 18, 2024 /PRNewswire/ -- In preparation for Thanksgiving, The Kroger Co. (NYSE:KR) surveyed customers to see how they plan to shop and what they plan to eat during the holidays this year. "Thanksgiving is such a special time of year and we take pride in knowing exactly what is important to our customers during this holiday season," said Tom Duncan, Vice President, Head of Marketing at Kroger. "No matter how they choose to celebrate, we're ha
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
The 2024 Kroger holiday campaign debuts with a heartfelt message of togetherness CINCINNATI, Nov. 13, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today unveiled its holiday film, celebrating the joy of togetherness and connecting with loved ones through food. Developed in collaboration with Kroger's agency of record, adam&eveDDB New York, the campaign showcases the power of sharing food – and how that simple act can create a meaningful bond. "At Kroger, we understand how food can transcend differences, cure loneliness and speak from our hearts in a way that words cannot," said Stuart Aitken, Kroger Senior Vice President and Chief Merchant & Marketing Officer.
CINCINNATI, Nov. 13, 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., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, 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 for the related solicitations of consents (collectiv
CINCINNATI, Nov. 6, 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., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, 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 for the related solicitations of consents (collective
CINCINNATI, Nov. 1, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) and bitewell, the FoodHealth Company, today announced their collaboration to bring bitewell's FoodHealth Score, an innovative nutrition scoring system, to Kroger customers nationwide. The scoring system seeks to give customers a fast, reliable way to evaluate the healthfulness of their food. bitewell's FoodHealth Score rates foods from 1 to 100 based on multiple factors including nutrient density and ingredient quality. With the system, Kroger customers can view the FoodHealth Score of an item while shopping onl
CINCINNATI, Oct. 31, 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., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, 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 for the related solicitations of consents (collectiv
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
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
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
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- 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
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
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