Kroger Co. (KR) - NYSE
  • Wed, Jul. 20, 3:40 PM
    • Kroger (KR +0.5%) announces an agreement for Axium Pharmacy Holdings to acquire the outstanding shares of Modern HC Holdings. Axium is a wholly-owned subsidiary of Kroger.
    • The deal will create a combined specialty pharmacy that will operate as a wholly-owned subsidiary of the company.
    • "This strategic investment will accelerate the growth of Kroger's health and wellness business," says Senior VP Robert Clark.
    • The transaction is subject to certain regulatory approvals, including from the FTC. Financial terms were not disclosed.
    • Source: Press Release
    | Wed, Jul. 20, 3:40 PM | 1 Comment
  • Tue, Jul. 12, 3:04 PM
    • Kroger (KR -0.1%) announces the retirement of Roundy's CEO Bob Mariano.
    • Mariano will step down on September 1 after which he will serve as a strategic adviser to Kroger and Roundy's for two years.
    • The company says Don Rosanova, president of Mariano's, and Michael Marx, president of Roundy's Supermarkets Wisconsin, will continue to serve in their current roles leading the two supermarket divisions.
    • Source: Press Release
    | Tue, Jul. 12, 3:04 PM
  • Mon, Jun. 27, 5:24 PM
    • Kroger (NYSE:KR) is suing Visa (NYSE:V) over debit card transactions, WSJ reports, following a suit by Wal-Mart last month over similar debit card issues.
    • KR says Visa has levied fines against it and threatened to raise fees and cut off its acceptance of debit cards if it does not allow customers to verify purchases with a signature instead of a personal identification number.
    • KR is one of a handful of U.S. food stocks that posted solid gains in today's trade after Brexit fears helped make the companies look like a safer haven; with less European exposure, companies such as Dr Pepper Snapple (NYSE:DPS) are seen as more attractive, according to Bernstein analyst Ali Dibadj.
    | Mon, Jun. 27, 5:24 PM | 26 Comments
  • Thu, Jun. 23, 11:39 AM
    • Alongside a 14% increase in the quarterly dividend to $0.12 per share, Kroger (KR +0.8%) announces a new $500M buyback program to replace the prior one which had been exhausted. Kroger notes it's spent $12.9B on buybacks since 2000 - effectively buying back half the stock float during that time (the stock's been about a four to five bagger during that period).
    • The company expects an increasing dividend over time.
    | Thu, Jun. 23, 11:39 AM
  • Thu, Jun. 23, 11:26 AM
    • Kroger (NYSE:KR) declares $0.12/share quarterly dividend, 14.3% increase from prior dividend of $0.105.
    • Forward yield 1.39%
    • Payable Sept. 1; for shareholders of record Aug. 15; ex-div Aug. 11.
    | Thu, Jun. 23, 11:26 AM | 19 Comments
  • Thu, Jun. 16, 9:07 AM
    • Kroger (NYSE:KR) reports sales rose 7.8% in Q1 excluding fuel sales.
    • Identical supermarket sales grew 2.4% (excl. fuel).
    • FIFO gross margin rate -2 bps to 23% for the period.
    • Operating margin rate increased 20 bps to 3.5%.
    • Return on invested capital, on a rolling four quarters basis was 14.08%.
    • FY2016 Guidance: Identical supermarket sales: ~+2.5% to +3.5% (excl. fuel); Diluted EPS: $2.19 to $2.28; Capex: $4.1B to $4.4B.
    • KR +3.44% premarket.
    | Thu, Jun. 16, 9:07 AM | 2 Comments
  • Thu, Jun. 16, 8:47 AM
    • Kroger (NYSE:KR): Q1 EPS of $0.70 beats by $0.01.
    • Revenue of $34.6B (+4.7% Y/Y) misses by $280M.
    • Shares +1.96% PM.
    • Press Release
    | Thu, Jun. 16, 8:47 AM | 10 Comments
  • Wed, Jun. 15, 3:38 PM
    • Wolfe Research downgrades Kroger (NYSE:KR) to Peerperform just ahead of the grocery's store earnings report due out before the bell tomorrow.
    • The investment firm thinks the "chaotic" environment in the grocery store space brings some risk to the table.
    • Consensus Q1 estimates on Kroger stand at $34.88B of revenue and EPS of $0.69.
    • According to quarterly earnings updates on Seeking Alpha, Kroger has run off nine consecutive bottom line beats.
    | Wed, Jun. 15, 3:38 PM | 17 Comments
  • Wed, May 25, 10:39 AM
    • A price cut by J.M. Smucker (SJM +0.4%) on packaged coffee has more to do with competition from private-label grocery store brands than green coffee costs, according to analysts.
    • "Coffee brands are seeking market share versus holding prices," notes Rabobank's Ross Colbert.
    • Kroger (NYSE:KR), Safeway (NYSE:ABS), and Costco (NASDAQ:COST) are all aggressively selling their private-label brands in stores.
    • J.M. Smucker sells coffee under the Folgers and Dunkin Donuts' brand names.
    | Wed, May 25, 10:39 AM
  • Tue, May 24, 2:34 PM
    • Retail stocks continue to do a reset ever since Wal-Mart reported strong earnings at odds with some of its peers.
    • A category that performed well for Wal-Mart in Q1 was grocery in what some investors are seeing as more of a read on consumer spending habits than a  market share grab from the retail giant.
    • Grocery store stocks and a few convenience store names are notably out in front of broad market averages today. The list of gainers includes Village Super Market (VLGEA +6.1%), Weis Markets (WMK +2.5%), Ingles Markets (IMKTA +3.3%), Supervalu (SVU +4.3%), Kroger (KR +1.8%), Casey's General Stores (CASY +2.9%), and CST Brands (CST +2.1%),
    | Tue, May 24, 2:34 PM | 3 Comments
  • Thu, May 19, 9:56 AM
    • Grocery store stocks are higher after Wal-Mart reports solid Q1 earnings.
    • The read from Bentonville is that U.S. consumers are spending on food even if they give apparel a pass.
    • Gainers include Kroger (KR +1.5%), Sprouts Farmers Market (SFM +1.3%), Casey's General Stores (CASY +1.8%), Supervalu (SVU +1.1%), and Whole Foods Market (WFM +1.3%).
    | Thu, May 19, 9:56 AM | 3 Comments
  • Fri, May 6, 7:51 AM
    • Kroger (NYSE:KR) lowered prices on almost a thousand items at 120 stores located in the Mid-Atlantic region, reports Supermarket News.
    • The price cuts cover items ranging from fresh meat to general merchandise.
    • A Kroger exec said the aggressive pricing push also includes fuel rewards, digital coupons, and loyalty perks aimed at customers.
    • Now read Could Kroger Become America's Number One Grocer? 
    | Fri, May 6, 7:51 AM | 10 Comments
  • Tue, Apr. 5, 3:46 PM
    • Kroger (NYSE:KR) makes another organic investment through a strategic partnership with California-based Lucky's. The grocery chain has a farmers market appeal.
    • Financial terms of the deal were't disclosed.
    • Kroger missed out on acquiring The Fresh Market after Apollo Global Management swooped in to buy the chain.
    | Tue, Apr. 5, 3:46 PM | 11 Comments
  • Tue, Mar. 29, 2:40 PM
    • Kroger (NYSE:KR) says it will bring its online service that allows store pickups to the Dallas and Houston regions.
    • The growing ClickList service is off to a solid start as the company carefully selects strategic locations with easy access to covered parking pickups spots.
    • Online ordering represents about 8% to 10% of Kroger's sales.
    | Tue, Mar. 29, 2:40 PM | 3 Comments
  • Mon, Mar. 28, 2:36 PM
    • Kroger (KR +0.9%) considered partnering with a private equity firm to buy out The Fresh Market, according to Supermarket News.
    • The company backed out of the deal just a few days before The Fresh Market accepted an offer from Apollo Global Management.
    • The dalliance by Kroger with the specialty grocer could tip that M&A is part of its 2016 plans.
    | Mon, Mar. 28, 2:36 PM | 1 Comment
  • Mon, Mar. 14, 7:43 AM
    • Shares of The Fresh Market (NASDAQ:TFM) soar in early trading after the company agrees to a cash tender offer from P-E firm Apollo Global Management (NYSE:APO).
    • The P-E firm will pay $28.50 per share for the grocery store chain for a deal price of $1.36B.
    • Under the terms of the deal, The Fresh Market has 21 days to solicit other offers, putting Kroger (NYSE:KR) on a short clock.
    • Previously: Reuters: Apollo nears deal to acquire The Fresh Market (Mar. 13 2016)
    • TFM +22.93% premarket to $28.25.
    | Mon, Mar. 14, 7:43 AM | 2 Comments
Company Description
The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. It also manufactures and processes some of the food for sale in its supermarkets. The Combination Food and Drug Stores are the primary food store... More
Sector: Services
Industry: Grocery Stores
Country: United States