Kroger, Albertsons Unveil Stores To Be Divested In Merger
- Bloomberg News
- Bloomberg News
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
6/18/2024 | $58.00 → $60.00 | Market Perform → Outperform | BMO Capital Markets | |
4/23/2024 | $24.00 | Neutral → Buy | ROTH MKM | |
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 |
8-K - KROGER CO (0000056873) (Filer)
8-K - KROGER CO (0000056873) (Filer)
10-Q - KROGER CO (0000056873) (Filer)
- Bloomberg
Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:ACI) with a Market Perform and maintains $27.25 price target.
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
Retailer finalizes sale to Elevance Health CINCINNATI, Oct. 4, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced the transaction to sell its specialty pharmacy business to Elevance Health has closed. Kroger announced a definitive agreement with Elevance Health for the sale on March 18, 2024. In closing the transaction, the retailer and Elevance Health have worked to ensure minimal disruptions for patients and associates. Kroger Family of Pharmacies in-store retail locations and The Little Clinics were not included in this transaction. The specialty pharmacy, former
Food, water and funds going to support those affected CINCINNATI, Oct. 2, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced it is supporting disaster relief with various activations, food and funds across the affected regions. "Our associates, customers, communities and neighbors are deeply affected in the Hurricane Helene aftermath, and we are joining forces with organizations across the country to step up and provide support," said Rodney McMullen, Kroger's chairman and CEO. "Rescue crews and relief organizations on the ground are only now assessing the impact an
CINCINNATI, Oct. 2, 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
SC 13G/A - Albertsons Companies, Inc. (0001646972) (Subject)
SC 13G/A - KROGER CO (0000056873) (Subject)
SC 13G - Albertsons Companies, Inc. (0001646972) (Subject)
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
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
Customers, associates and partners are invited to donate time and skills to collectively reach one million volunteer hours Albertsons Companies, Inc. (NYSE:ACI), in collaboration with the Albertsons Companies Foundation, today announced the Million Hour Volunteer Rally to help neighbors in need. Customers, associates and partners are invited to join the company's Nourishing Neighbors charitable program on the mission to end hunger by collectively contributing one million volunteer hours to various nonprofit organizations across the country. Now through Oct. 31, customers who volunteer and record their hours during this campaign will have the opportunity to win a grand prize of free groceri
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
BMO Capital Markets upgraded Kroger from Market Perform to Outperform and set a new price target of $60.00 from $58.00 previously
ROTH MKM upgraded Albertsons from Neutral to Buy and set a new price target of $24.00
Wells Fargo upgraded Kroger from Equal Weight to Overweight and set a new price target of $65.00 from $58.00 previously
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4 - KROGER CO (0000056873) (Issuer)