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Kroger Co. (KR)

  • Oct. 21, 2014, 3:35 PM
    • Kroger (KR -0.1%) has passed the $1B mark in annual sales for the the organic foods category.
    • The company reached the milestone only two years after launching The Simple Truth brand.
    • Though still only a bit player on Kroger's total revenue, the wider margins for natural and organic products are a positive contributor to margins.
    • Jefferies thinks the category could grow to $4B-$5B for the grocery store operator.
    | Comment!
  • Oct. 13, 2014, 3:39 PM
    • Kroger (KR -1.6%) settles a federal lawsuit over the marketing of some its its chicken products.
    • The grocery store operator agrees to remove the "humanely raised" wording on labels of some Kroger-branded chicken items.
    • Other terms of the deal weren't disclosed.
    | Comment!
  • Oct. 6, 2014, 7:57 AM
    • Online grocery store sales will grow to $80B-$123B per year by 2023, according to a presentation by Brick Meets Click.
    • The explosive growth is expected to be led by the popularity of the service in major cities such as New York and San Francisco.
    • Related stocks: KR, SWY, SVU, WFM, AMZN, WMT.
  • Oct. 4, 2014, 4:59 PM
    • Shares of Kroger (NYSE:KR) have more than doubled since the beginning of 2013, but Barron's says the stock has 20% upside.
    • Kroger has posted 43 consecutive quarters of growth at stores open at least 15 months, impressive in a challenged retail sector. Wal-Mart, for example, has seen same-store sales fall for the last five quarters.
    • Kroger is pushing into e-commerce ( deal, Harris Teeter deal), and its app is top 2% in the Apple App Store.
    • KR's "Simple Truth" organic and natural foods, launched in 2012, should hit $1B in sales by year-end.
    | 1 Comment
  • Sep. 23, 2014, 8:10 AM
    • Halloween spending by consumers in the U.S. is expected to rise to $11.3B this year, according to an estimate from ICSC.
    • Discount stores (DG, DLTR, FDO) and grocery stores (KR, SVU, SWY, WMT, TGT) are expected to keep a lion's share of the costume spend with shoppers indicating price and the ability to touch costumes as the biggest factors in deciding where to shop.
    • Halloween is one of the few calendar events where online has stayed more of a bit player with only an estimated 7% share of purchases.
  • Sep. 22, 2014, 1:16 PM
    • Kroger (KR -0.2%) plans to refine the branding of its private labels away from an image of presenting cheap generics, toward convincing consumers that they offer targeted product choices.
    • The company makes close to 40% of its in-house products, instead of using outside manufacturers, and has received high marks for quality.
    | 1 Comment
  • Sep. 18, 2014, 12:36 PM
    • Kroger (KR -0.1%) is using a store in Ohio to test a new service for customers to pick up orders placed online.
    • The company has leveraged its purchase of Harris Teeter by using some of the technology used by the grocery chain with its online model.
    • Kroger hasn't released details on how a click-and-collect service will be priced, but Harris charges $4.95 per order or $99.95 a year for their service.
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  • Sep. 11, 2014, 9:29 AM
    • Retail analysts are duly impressed by the 4.8% comp delivered by Kroger (NYSE:KR) in Q2.
    • Though there's been plenty of talk about Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and even Whole Foods Market (NASDAQ:WFM) grabbing mass market grocery share - Kroger has put up a steady string of turf-defending quarters.
    • KR +2.0% premarket.
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  • Sep. 11, 2014, 9:00 AM
    • Kroger (NYSE:KR) reports identical supermarket sales rose 4.8% (ex-fuel) in Q2.
    • FIFO gross margin rate -12 bps to 20.54%.
    • Guidance: FY14 EPS view lifted to $3.22-$3.28 from $3.19-$3.27. Identical supermarket sales growth of 3.5%-4.5% expected vs. 3%-4% prior.
    • KR +0.7% premarket
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  • Sep. 11, 2014, 8:35 AM
    • Kroger (NYSE:KR): Q2 EPS of $0.70 beats by $0.01.
    • Revenue of $25.3B (+11.4% Y/Y) beats by $380M.
    • Press Release
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  • Sep. 10, 2014, 5:30 PM
  • Sep. 5, 2014, 9:10 AM
    • Kroger (NYSE:KR) says it is planning to hire 20K permanent employees for its growing chain of supermarkets.
    • The company has been growing largely through acquisitions, including recent deals for online vitamin seller and upscale grocery chain Harris Teeter.
    • KR currently employs more than 375K workers.
    | 1 Comment
  • Aug. 25, 2014, 2:01 PM
    • Sales growth by the key candy, mints, and gum category grew 2.6% last year, according to data from Nielsen.
    • The category is a margin-booster for most retail chains.
    • Convenience stores (OTCPK:ANCUF, PTRY, MPC, KR, XOM) saw the most CMG growth at 3.3% to $5.48B - followed by food stores at 2.6%, mass market retailers at 1.5%, and drugstores at 0.5%.
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  • Aug. 18, 2014, 8:25 AM
    • Kroger (NYSE:KR) is one of the companies interested in making a bid for Market Basket, according to Bloomberg.
    • Delhaize (NYSE:DEG) and Royal Ahold (OTCQX:AHONY) are also reported to be in the hunt.
    • The New England grocery store chain has annual sales of over $4B.
    | Comment!
  • Aug. 14, 2014, 1:01 PM
    • The dollar store group (DLTR, FDO, DG, BIG) and select grocery store chains (KR, SWY, SVU) are slight out-performers on the day after Wal-Mart's (WMT +0.1%) Q2 report indicates it lost some market share in the U.S.
    • Edward D. Jones analyst Brian Yarborough attributes the limp sales growth for Wal-Mart in the U.S. to the retailer's inability to nab the quick "milk and bread" runs by consumers due to the massive size of its stores.
    • That line of thought is consistent with the stronger growth numbers put up lately by convenience store operators such as Circle K (OTCPK:ANCUF), 7-11, Pantry (NASDAQ:PTRY), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), and Qwiktrip.
  • Jul. 29, 2014, 1:17 PM
    • Keep an eye on Kroger (KR +0.6%), advise the analysts at Bank of America Merrill Lynch.
    • The grocery store chain has a number of growth drivers - including organic food initiatives and its FuelRewards program - which justify a premium valuation in the retail sector.
    • Though investors give up some dividend income with a Kroger investment in comparison to Target or Wal-Mart, the revenue growth potential makes it a solid Buy to BAML.
    | 1 Comment
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Company Description
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