Kroger Co. (KR) - NYSE
  • 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
  • Sun, Mar. 13, 5:37 AM
    • Private equity firm Apollo Global Management (NYSE:APO) is nearing a deal to acquire The Fresh Market Inc (NASDAQ:TFM) for $28.50 per share in cash, or more than $1.3B, in a move that could derail bids from Kroger (NYSE:KR), KKR, and TPG Capital.
    • Sources told Reuters that an agreement could be announced as early as Monday, but cautioned that a deal had not yet been finalized and was still possible to be amended or fall apart at the last minute.
    | Sun, Mar. 13, 5:37 AM | 18 Comments
  • Thu, Mar. 10, 5:12 PM
    • Kroger (NYSE:KR) announces it approved a new buyback allowance of $500M.
    • The company still has $175.6M in buyback firepower left on its old authorization.
    • Previously: The Kroger Co. declares $0.105 dividend (March 10)
    | Thu, Mar. 10, 5:12 PM | 6 Comments
  • Thu, Mar. 10, 12:50 PM
    • Kroger Co. (NYSE:KR) declares $0.105/share quarterly dividend, in line with previous.
    • Forward yield 1.12%
    • Payable June 1; for shareholders of record May 13; ex-div May 11.
    | Thu, Mar. 10, 12:50 PM
  • Fri, Mar. 4, 8:38 AM
    • During Kroger's (NYSE:KR) earnings call, CEO Rodney McMullen was asked about how the company is addressing potential grocery game changers like Blue Apron and AmazonFresh. McMullen said he's confident that the company is evolving right along with the customer.
    • M&A was on the mind of analysts with The Fresh Market (NASDAQ:TFM) a rumored target. McMullen danced around it, saying "we're really looking for companies that bring something to us that we don't have today."
    • A pair of investment firms took action on Kroger today. Macquarie downgrades Kroger (KR) to an Underperform rating from Neutral, while Pivotal Research reduces its price target on the grocery store stock to $44 from $46.
    • Kroger earnings call transcript
    • Shares of Kroger are down 0.42% premarket to $37.65 after falling 7% yesterday.
    | Fri, Mar. 4, 8:38 AM | 6 Comments
  • Thu, Mar. 3, 2:40 PM
    • Kroger (NYSE:KR) is down 8.1% after setting guidance for FY16 same-store sales growth to a range of 2.5% to 3.5% which mark a deceleration from last year's pace. Also factoring in was the miss with Q4 revenue.
    • CEO Rodney McMullen said economic uncertainty and volatile food prices cut into the willingness of consumers to spend freely. Kroger is also a victim of its own success as strong comps from prior years become harder to match.
    • Volume on Kroger is already 3X normal daily activity.
    • SA contributor Christopher Davis thinks the slide in Kroger gives investors an excellent entry point.
    • Previously: Kroger beats by $0.03, misses on revenue (March 3)
    • Previously: Kroger lower after revenue comes in light (March 3)
    | Thu, Mar. 3, 2:40 PM | 11 Comments
  • Thu, Mar. 3, 9:15 AM
    | Thu, Mar. 3, 9:15 AM | 1 Comment
  • Thu, Mar. 3, 8:14 AM
    • Kroger (NYSE:KR) reports sales increased 6.5% in Q4 before factoring in fuel sales.
    • Identical supermarket sales were up 3.9% (ex-fuel).
    • FIFO gross margin rate was 22.7% for the quarter.
    • Return on invested capital for 2015 was 13.93%, compared to 13.76% in 2014..
    • Guidance: The company expects FY16 EPS of $2.19-$2.28 vs.$2.23 consensus.
    • Previously: Kroger beats by $0.03, misses on revenue (Mar. 03 2016)
    • KR -5.70% premarket to $38.35.
    | Thu, Mar. 3, 8:14 AM | 13 Comments
  • Thu, Mar. 3, 8:02 AM
    • Kroger (NYSE:KR): Q4 EPS of $0.57 beats by $0.03.
    • Revenue of $26.17B (+3.8% Y/Y) misses by $110M.
    • Shares +0.12% PM.
    • Press Release
    | Thu, Mar. 3, 8:02 AM | 11 Comments
  • Wed, Mar. 2, 5:30 PM
    | Wed, Mar. 2, 5:30 PM | 11 Comments
  • Thu, Feb. 18, 10:46 AM
    • A large number of retail chain stocks are taking their cues from Wal-Mart's sluggish read on U.S. sales growth. The Bentonville giant reps such a high percentage of total U.S. retail sales that its report and guidance are viewed as leading indicators.
    • Dollar Tree (DLTR -2.6%), Dollar General (DG -2.3%), Big Lot (BIG -1.7%), Fred's (FRED -2.1%), Kroger (KR -3.6%), Party City (PRTY -1.7%), Five Below (FIVE -2.7%), The Michaels Company (MIK -2.5%), and Costco (COST -2.2%) are all lower.
    • The SPDR S&P Retail ETF (NYSEARCA:XRT) is down 1.1%, compared to a minor gain by the Dow 30.
    • Previously: Wal-Mart beats by $0.06, misses on revenue (Feb. 18 2016)
    • Previously: Wal-Mart lower after showing soft U.S. comp (Feb. 18 2016)
    | Thu, Feb. 18, 10:46 AM | 12 Comments
  • Fri, Feb. 12, 9:26 AM
    • Stifel Nicolaus sets its sights on the grocery store sector after yesterday's dramatic report of Kroger's (NYSE:KR) interest in a buyout of The Fresh Market (NASDAQ:TFM).
    • The investment firm gives Kroger a Buy rating and $45 price target after digesting the consolidation potential. Kroger's M&A spree over the last few years already includes Roundy's, Vitacost, and Harris Teeter - although management has been credited with successful integration strategies.
    • Investors have been rewarded from Kroger's growth push with shares of the grocery store chain outperforming the S&P 500 Index by a wide margin (+215% vs. +36% over 5 years).
    • Sprouts Farmers Market (NASDAQ:SFM) is also given a Buy rating from Stifel and assigned a PT of $27.
    • Previously: The Fresh Market closes +22% on buyout spike, more room to run? (Feb. 11 2016)
    • SFM +2.1% premarket to $22.55 vs. a 52-week range of $16.41 to $38.45.
    • TFM +1.81% premarket to $23.09 vs. a 52-week range of $17.81 to $42.09.
    • WFM +1.90% premarket to $29.48 vs. a 52-week range of $28.07 to $57.57.
    • KR +1.95% premarket to $37.14 vs. a 52-week range of $27.32 to $42.75.
    | Fri, Feb. 12, 9:26 AM | 1 Comment
  • Thu, Feb. 11, 4:11 PM
    | Thu, Feb. 11, 4:11 PM | 5 Comments
  • Thu, Feb. 11, 2:30 PM
    • The Fresh Market (NASDAQ:TFM) breaks away from a trading halt to soar 13.40% to $21.07 in reaction to a report of a Kroger (KR -1.3%) acquisition play. It's been three weeks since TFM was over the $20 mark.
    • The report from Reuters indicates bidding from PE firms and other companies is already in the second round.
    • The breadth of interest is helping push up shares of Sprouts Farmers Market, Whole Foods Market, and Ingles Markets as well.
    | Thu, Feb. 11, 2:30 PM | 17 Comments
  • Thu, Feb. 11, 1:59 PM
    • Shares of The Fresh Market (TFM +7.6%) have been halted after Reuters reports Kroger (KR -1.7%) is seeking to acquire the company.
    | Thu, Feb. 11, 1:59 PM | 18 Comments
  • Tue, Feb. 2, 11:24 AM
    • A plan by Kroger (KR -1%) to use a private distributor to manage shelf space in alcohol aisles is creating a stir with large sellers such as Anheuser-Busch InBev (BUD -0.7%) and Diageo (DEO -0.6%).
    • Trade groups repping the beer and spirits majors say the Kroger initiative to charge quarterly fees to pay for the service may violate federal and state laws.
    • Kroger wants to make the change in order to adapt quicker to consumer tastes and trends.
    | Tue, Feb. 2, 11:24 AM
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