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Kroger Co. (KR)

  • Tue, Jun. 30, 2:44 PM
    • Kroger (KR +0.1%) announces COO Mike Ellis will retire from the company.
    • Ellis spent 40 years at the grocery store chain and has been the COO for the last 18 months.
    • A replacement will be named at a later date.
    | Tue, Jun. 30, 2:44 PM | Comment!
  • Thu, Jun. 25, 11:50 AM
    | Thu, Jun. 25, 11:50 AM | 38 Comments
  • Wed, Jun. 24, 8:46 AM
    • Grocery store stocks could see some volatility after Ahold agrees to buy Delhaize.
    • Retail analysts think the sector could see more M&A with the presence of larger retail chains such as Target and Wal-Mart placing some pressure on companies to scale up.
    • On watch: Kroger (NYSE:KR), Supervalu (NYSE:SVU), Roundy's (NYSE:RNDY), Ingles Markets (NASDAQ:IMKTA), Village Super Market (NASDAQ:VLGEA), Weis Markets (NYSE:WMK), Fairway Group Holdings (NASDAQ:FWM).
    • Previously: Ahold, Delhaize agree to merger
    | Wed, Jun. 24, 8:46 AM | Comment!
  • Fri, Jun. 19, 9:24 AM
    • Execs with Kroger (NYSE:KR) updated investors on the progress of the integration of during the firm's earnings call yesterday.
    • The company was able to launch a new King Soopers Live Naturally website this week with the help of the Vitacost technology platform.
    • King Soopers is a pilot e-commerce site aimed at the health food market.
    • The impact of Vitacost has been a bit of an unquantified variable for analysts covering Kroger.
    • "Vitacost really just helps us fulfill that long tail of items that are smaller in some cases and on the King Soopers website now, you can pick up 25,000 to 30,000 additional SKUs than what you'd find in a typical Kroger store," updated COO Michael Ellis during Q&A on the call.
    • Earnings call transcript
    • Previously: Profit beat and solid guidance lifts Kroger (Jun. 18 2015)
    • Previously: Kroger blasts past all comers (Jun. 18 2015)
    | Fri, Jun. 19, 9:24 AM | Comment!
  • Thu, Jun. 18, 3:45 PM
    • A strategic deal between Target and CVS Health to place CVS MinuteClinics inside of Target stores could have an impact in the convenience store sector, observes CSP Daily News.
    • If the large-scale deal is replicated with other retailer-drugstore combinations, consumers may shift some spending habits.
    • C-stores have seen strong traffic trends this year.
    • Convenience store operators: Circle K (OTCPK:ANCUF), 7-11, CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Pantry (OTCPK:ANCUF), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), Casey's General Stores (NASDAQ:CASY), and Qwiktrip.
    • Previously: Target and CVS Health sign major partnership (Jun. 15 2015)
    | Thu, Jun. 18, 3:45 PM | 23 Comments
  • Thu, Jun. 18, 9:25 AM
    • The latest earnings report from Kroger (NYSE:KR) is another indication that the grocery store chain is surviving the increased commitment of retail giants Wal-Mart, Target, and Costco in the sector as well as brushing off smaller online upstarts such as Instacart and Peadpod.
    • Some bearish calls on Kroger played up the Wal-Mart and online factor.
    • Kroger also compares nicely to high-flyer Whole Foods Market when looking at  identical-store sales, +5.7% vs +3.6% this year and +10.3% vs. +8.1% on a two-year stack (h/t Blue Horseshoe).
    • Previously: Kroger beats by $0.03, misses on revenue (Jun. 18 2015)
    • Previously: Profit beat and solid guidance lifts Kroger (Jun. 18 2015)
    • KR +3.0% premarket to $74.79.
    | Thu, Jun. 18, 9:25 AM | Comment!
  • Thu, Jun. 18, 8:48 AM
    • Kroger (NYSE:KR) reports identical store sales rose 5.7% in FQ1 (ex-fuel).
    • FIFO gross margin rate -7 bps to 22.1%.
    • Operating expense rate -15 bps.
    • Rent expenses were flat at 0.7% of total sales.
    • Guidance: Kroger sees FY15 EPS of $3.80-$3.90 vs. $3.87 consensus.The view on comp sales is lifted by the company to a range of 3.5%-4.5% vs. 3.0%-4.0% prior.
    • Previously: Kroger beats by $0.03, misses on revenue
    • KR +2.39% premarket to $74.65.
    | Thu, Jun. 18, 8:48 AM | Comment!
  • Thu, Jun. 18, 8:17 AM
    • Kroger (NYSE:KR): Q1 EPS of $1.25 beats by $0.03.
    • Revenue of $33.05B (+0.3% Y/Y) misses by $290M.
    • Press Release
    | Thu, Jun. 18, 8:17 AM | Comment!
  • Wed, Jun. 17, 5:30 PM
  • Wed, Jun. 17, 8:05 AM
    • BMO Capital exudes confidence on Kroger (NYSE:KR) in front of the grocery store chain's earnings report scheduled to be released tomorrow.
    • The investment firm cites the trend of strong Kroger sales amid a "benign" threat from Wal-Mart and the ability for Kroger to maintain margins in key categories.
    • Kroger is rated at Outperform by BMO with a $83 price target.
    • The consensus FQ1 analyst estimates on Kroger are for revenue of $33.268M and EPS of $1.21.
    | Wed, Jun. 17, 8:05 AM | Comment!
  • Mon, Jun. 1, 12:49 PM
    • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
    • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
    • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
    • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
    • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
    | Mon, Jun. 1, 12:49 PM | 6 Comments
  • Tue, May 26, 6:51 AM
    • The acquisition of Harris Teeter by Kroger (NYSE:KR) has put it on a different path with its entry into new markets, according to Supermarket News.
    • Kroger is seen as having the ability to enter different regions of the South and Mid-Atlantic due its fresh concentration of assets in the region.
    | Tue, May 26, 6:51 AM | Comment!
  • Thu, May 14, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
    | Thu, May 14, 9:47 PM | 8 Comments
  • Mon, May 11, 10:52 AM
    • Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
    • The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
    • Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
    • Previously: Ahold, Delhaize surge on merger reports
    | Mon, May 11, 10:52 AM | 3 Comments
  • Tue, May 5, 12:13 PM
    • Fomento Económico Mexicano (NYSE:FMX) confirms it has asked for government authorization to sell alcoholic beverages in a small retail format in Texas.
    • The company says it will invest $850M to open 900 stores in the state if regulators clear the plan.
    • The development coincides with Wal-Mart also trying to get clearance to sell alcohol in Texas which has restrictive policies for publicly-traded companies in the beverage category.
    • Costco (NASDAQ:COST) is a step ahead by partnering with Texas-owned WB Liquors, but is also pushing the state for reform.
    • Kroger (NYSE:KR) has also reportedly been making noise about selling liquor in its Texas outlets.
    • Previously: Wal-Mart pushes for right to sell alcohol in Lone Star State (Apr. 27 2015)
    | Tue, May 5, 12:13 PM | Comment!
  • Thu, Apr. 30, 8:04 AM
    • A detailed scan of pricing in Denver by Brand View indicated Wal-Mart is consistently selling at prices below those of Kroger (NYSE:KR) on the same basket of items.
    • On a national level, Kroger has held up in markets where Wal-Mart has competed against it in close proximity.
    • During a strategic update to investors earlier this month, execs with Wal-Mart made it perfectly clear that pricing was a top priority.
    • Analysts have had a mixed reaction to the aggressive position from Bentonville on pricing.
    • Wal-Mart strategic update transcript
    | Thu, Apr. 30, 8:04 AM | 7 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.
Sector: Services
Industry: Grocery Stores
Country: United States