Seeking Alpha

Kroger Co. (KR)

  • Nov. 19, 2014, 12:56 PM
    • R&D is paying off at Kroger (KR -0.1%) with wait times in checkout lines vastly reduced through a mix of new technology and advanced algorithms.
    • The grocery store chain uses heat sensing technology to track traffic at store entrances, exits, and checkout lanes and then adjust in real time.
    • Execs says the average checkout wait time has gone from a range of 3.5 minutes to 4 minutes down to 30 seconds.
    • Kroger's identical-store sales increased 4.6% in Q1 and 4.8% in Q2 as the company defended its market share against Wal-Mart, Target, and other grocers.
    • NRF video on the Kroger innovation
  • Nov. 8, 2014, 9:25 AM
    • Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
    • If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
    • The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
    • Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VALWMS, WMT.
  • Oct. 31, 2014, 1:21 PM
    • The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
    • The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
    • Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
    • CurrentC was created to help the retail industry bypass credit card fees.
    • Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
  • Oct. 28, 2014, 11:32 AM
    • Redbook notes the timing of Halloween on a Friday is giving a boost to merchandise sales related to the holiday as more consumers prep for parties and celebrations.
    • Both Redbook and ICSC's weekly read on retail store sales showed year-over-year improvement with Halloween sales a factor.
    • Stores have also been extending their hours to draw in more shoppers.
    • Looking for a Halloween boost: DLTR, DG, FDO, KR, SVU, SWY, WMT, TGT, HSY, KRFT, CVS, RAD, WAG, MDLZ.
  • Oct. 22, 2014, 8:40 AM
    • Kroger (NYSE:KR) is tapped by JPMorgan as a Top Pick to go along with an Overweight rating it's had locked in on the stock for most of the year.
    • The grocery store's expansion of organic and health product offerings sets it up for higher comps and average ticket prices, say analysts.
    • The integration of Harris Teeter is also forecast to pull up margins.
    • Shares of Kroger are already up 36% YTD.
    | 1 Comment
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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
    | Comment!
  • 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
    | Comment!
  • Sep. 10, 2014, 5:30 PM
Visit Seeking Alpha's
KR vs. ETF Alternatives
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