Sep. 11, 2014, 8:35 AM
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 VitaCost.com and upscale grocery chain Harris Teeter.
- KR currently employs more than 375K workers.
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%.
Aug. 18, 2014, 8:25 AM| 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.
Jul. 9, 2014, 7:28 AM| Comment!
Jul. 3, 2014, 9:20 AM| Comment!
Jul. 2, 2014, 2:07 PM
- Analysts are weighing in with approval over Kroger's (KR -0.4%) deal to buy Vitacost.com even if investors aren't in a buying mood quite yet.
- Deutsche Bank calls the acquisition a "smart, pro-active, low-risk" move by the company which should set it up for e-commerce growth.
- Previous: Kroger acquires Vitacost.com, reaction
Jul. 2, 2014, 10:57 AM
- Shares of Vitamin Shoppe (VSI -1.9%) and GNC Holdings (GNC -0.8%) slip lower in what appears to be a reaction to competitive threat posed by the acquisition of Vitacost.com (VITC +27.1%) by Kroger (KR -0.2%).
- Retail analysts think deal looks like a strategic fit for Kroger with the e-commerce platform and linked fulfillment centers form Vitacost giving it plenty of new growth channels.
Jul. 2, 2014, 8:10 AM| Comment!
Jun. 26, 2014, 11:12 AM
- In addition to declaring its regular dividend, Kroger (KR +0.7%) has announced a new $500M buyback. It's good for repurchasing 2% of shares at current levels.
- However, after spending $1.1B on buybacks in FQ1, Kroger doesn't expect to make any "material purchases" over the rest of the year, as it focuses on achieving a 2-2.2x net debt-to-EBITDA ratio by mid-to-late 2015.
Jun. 26, 2014, 10:34 AM
Jun. 25, 2014, 5:46 PM
- Deutsche Bank sees tough times for Supervalu (SVU) and Safeway (SWY) if and when Amazon (AMZN) expands its AmazonFresh grocery delivery service beyond its three current test markets.
- Kroger (KR) should fare better due to its strong price positioning and weighted average market share positions, and natural/organic specialty players are better positioned to absorb AMZN’s expansion, with Whole Food (WFM) least at-risk due to its product mix, differentiated format, strong EBIT margins and very strong balance sheet.
- Morgan Stanley, however, doesn't see online as a major threat to brick and mortar food retailers after its own survey showed consumers’ interest in online ordering - either to be picked-up at store, or delivered to home - is very low.
Jun. 25, 2014, 10:55 AM
- Looking over the battered natural/organic growth group, Morgan Stanley buys the dip in Whole Foods (WFM +0.5%) and Sprouts (SFM +3%), initiating both at Overweight, but The Fresh Market (TFM -1.7%) is started at Underweight.
- Plain-jane and red-hot The Kroger (KR +0.2%), meanwhile, also rates an Overweight rating.
KR vs. ETF Alternatives
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.
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