KR - The Kroger Co.

NYSE - NYSE Delayed Price. Currency in USD
24.34
+0.02 (+0.08%)
At close: 4:01PM EDT
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Previous Close24.32
Open24.37
Bid0.00 x 900
Ask0.00 x 1200
Day's Range24.15 - 24.66
52 Week Range23.15 - 32.74
Volume6,415,118
Avg. Volume7,937,116
Market Cap19.417B
Beta (3Y Monthly)0.77
PE Ratio (TTM)6.47
EPS (TTM)3.76
Earnings DateJun 19, 2019 - Jun 24, 2019
Forward Dividend & Yield0.56 (2.30%)
Ex-Dividend Date2019-02-14
1y Target Est28.32
Trade prices are not sourced from all markets
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    Kroger/Ocado deal is a sign of 'new normal' in Central Florida real estate

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  • Kroger Division QFC to Eliminate Single-Use Plastic Bags Starting April 1
    PR Newswire2 days ago

    Kroger Division QFC to Eliminate Single-Use Plastic Bags Starting April 1

    Throughout the month of April, QFC will donate $1 for each reusable bag sold in its stores to The Nature Conservancy, a global nonprofit committed to protecting the earth's lands and waters. "With Earth Day approaching, we realized this was the perfect opportunity to accelerate the removal of single-use plastic in our stores and take the next bold step in our Zero Hunger | Zero Waste journey," said Suzy Monford, president of QFC.

  • Simple Math Says You Should Buy the Dip in Kroger Stock
    InvestorPlace3 days ago

    Simple Math Says You Should Buy the Dip in Kroger Stock

    Shares of Kroger (NYSE:KR) fell off a cliff in early March after America's largest grocer reported fourth quarter numbers that sharply missed both revenue and profit estimates. The fiscal 2019 guide also missed consensus profit estimates. The double whammy of poor Q4 numbers and a weak 2019 guide spooked investors, and Kroger stock fell from $29 to below $25 in response.Source: Shutterstock This big drop in Kroger stock is an opportunity. In the big picture, Kroger has staying power as America's largest and favorite grocer and that positioning guarantees this company healthy revenue and profit growth for the foreseeable future.At just 11-times forward earnings, Kroger isn't priced for healthy growth. It's priced for no growth. This discrepancy can't last forever. Eventually, the valuation will correct higher. When it does, Kroger stock will rise to levels above $30.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt also helps that Kroger now near the bottom-end of a well defined multi-year trading range. Historically speaking, any time Kroger stock gets this low, it doesn't stay this low for long. * 5 Cloud Stocks to Help Your Portfolio Fly Thus, at $25, Kroger looks good here. The stock looks both fundamentally overvalued and technically oversold. It may take time for the reversal to happen. But, make no mistake, it is coming. By the end of 2019, prices above $30 look both achievable and fundamentally supported for KR stock. The Fundamentals Are GoodThe big picture fundamentals supporting Kroger stock are very good. In a nutshell, all those concerns that Amazon (NASDAQ:AMZN) was going to eat Kroger alive in the grocery sector after the Whole Foods acquisition were grossly overstated. Ever since then, Kroger has rattled off back-to-back years of positive comparable sales and revenue growth. The company is expected to report another positive top-line year in 2019.In other words, the Amazon threat hasn't really affected Kroger's traffic, sales, or reach. Instead, if you shopped at Kroger grocery stores a few years back, chances are high that you still shop there today. Why? Because grocery stores are sticky. Consumers like going to the same grocery store.They like knowing what to buy, knowing where those things are located in the store, knowing where to park, and seeing familiar faces. Consumers don't want to give up that familiarity or convenience for slightly cheaper (but still relatively expensive) Whole Foods prices.As such, Amazon hasn't really made a splash in this market. Sure, there's the Walmart (NYSE:WMT) and Target (NYSE:TGT) threats. But, those threats have been around for a long time, too, and they haven't had much impact on Kroger's sales or traffic either.Again, this comes back to familiarity and convenience, two things that are very important to the grocery shopping experience and which give grocery stores immensely sticky customer bases.Because of this, Kroger today remains America's largest grocer despite the multiple competitive threats that have emerged over the past several years. Also because of this, and because of Kroger's resilient track record of continued growth, Kroger should remain America's largest grocer for the foreseeable future.That positioning alone guarantees Kroger healthy revenue growth for the next several years. The Stock Is Undervalued and OversoldGiven Kroger's healthy big picture fundamentals, its stock is fundamentally undervalued at current levels.Right now, KR stock is trading at just 11-forward earnings, versus a five year average forward multiple of 15 and a market average forward multiple of 16. In other words, Kroger is really cheap. This cheapness only makes sense if profit growth will be muted over the next several years.It won't be. To be sure, margins are struggling right now. But, these struggles have a lot to do with fuel prices, and nothing to do with the long term fundamentals. Once fuel headwinds normalize, margins should normalize, too, and profits should grow thanks to healthy revenue growth, stable margins, and big buybacks.From a numbers perspective, I think some combination of low single digit revenue growth, stable margins, and big buybacks will push EPS towards $3.20 by fiscal 2025. Based on a historically average 15 forward multiple, that implies a fiscal 2024 price target for Kroger stock of $48.Discounted back by 8% per year (2 points below my normal 10% yield to account for the yield), that equates to a fiscal 2019 price target between $32 and 33. Thus, below $25, KR stock looks materially undervalued.The stock is also oversold here. Over the past several years, the lower-$20's have provided a solid line of defense for the stock on sell offs. In September 2017, a drop in KR stock to $20 led to a rally to $30 by January 2018. In March 2018, a drop in KR stock to $23 led to a rally to $32 by September 2018.History should repeat itself here, given stable long term fundamentals. As such, the March 2019 drop in Kroger stock to the lower-$20's should likewise end in a rally towards $30 over the next several months. Bottom Line on Kroger StockKroger is supported by stable and healthy long-term fundamentals. Those fundamentals imply that this company will remain the leader in the stable growth U.S. grocery industry for a lot longer.That stability isn't priced into KR stock today. Instead, KR stock is undervalued and oversold against a healthy fundamental backdrop. That set-up makes this dip in Kroger look like an attractive buying opportunity.As of this writing, Luke Lango was long KR, AMZN, and TGT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Simple Math Says You Should Buy the Dip in Kroger Stock appeared first on InvestorPlace.

  • $63M Kroger warehouse to put Central Florida city ‘on the map’
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    $63M Kroger warehouse to put Central Florida city ‘on the map’

    The deal will give Florida shoppers access to Kroger groceries without the Midwest chain having any area stores.

  • Barrons.com4 days ago

    Kroger Stock Crumbled on Disappointing Earnings. A Director Just Sold a Huge Amount of Shares

    Robert D. Beyer, the supermarket’s lead director and a member of the board since 1999, sold $2 million of Kroger stock on Tuesday.

  • Will Private Labels Wake Up Amazon Stock?
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    Will Private Labels Wake Up Amazon Stock?

    E-commerce data analytics firm Marketplace Pulse recently conducted in-depth research on private label brands on Amazon (NASDAQ:AMZN). The conclusion seemed unfavorable for Amazon stock. According to the firm, Amazon's private-label brand portfolio actually has more duds than studs.Source: Shutterstock The research suggests that Amazon's private-label business isn't growing. That could be the reason why Amazon's e-commerce growth machine has cooled rapidly. Indeed, over the past several quarters, Amazon's e-commerce business has gone from a 20%-plus grower which dominated the digital retail world to growing just above 10% and ceding market share to other digital retailers. * 5 Cloud Stocks to Help Your Portfolio Fly But there's another big takeaway from Marketplace Pulse's report, one that is bullish for Amazon stock. Namely, the report included a quote from an Amazon spokesperson who said that Amazon's private-label products represent less than 1% of the company's total sales.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's tiny. At other large retailers, the private-label business represents 30% or more of total sales. Thus, the bullish takeaway from the report is that Amazon's private-label business, with the right execution, could grow by leaps and bounds over the next several years.That would be big for Amazon stock. Most importantly, it would wake up the Amazon e-commerce- growth machine, reinvigorate investors' enthusiasm about Amazon stock, and spur more investors to buy AMZN stock. Furthermore, it would boost the company's margins, add firepower to what is already turning into a robust profit-growth outlook, and help AMZN grow into its valuation.Overall, a private-label surge could turn into a big deal for Amazon stock. Here's a deeper look. Amazon's Private-Label Business Is TinyAmazon is a big company. With over $230 billion of sales last year, Amazon is the second-largest retailer in the world, behind only Walmart (NYSE:WMT).But, for such a big retailer, Amazon's private-label business is really small. Amazon's private-label business represents less than 1% of its total sales. That means that Amazon's private-label business generates less than $2.3 billion of annual revenue.That's small. Over at Costco (NASDAQ:COST), the Kirkland brand alone represents nearly one-third of its total sales, or about $40 billion. Similarly, one-third of Target's (NYSE:TGT) total sales in 2018, or about $25 billion, were from owned and exclusive brands,. At Kroger (NYSE:KR), private-label -brand-unit share hit 30.5% in the fourth-quarter, which, at an annualized rate, represents about a $34 billion business.At many other big retailers, the private -label business runs anywhere from 15%-30%-plus of total sales, equating to $15 billion-$40 billion-plus of annual revenue.Next to those figures, Amazon's sub-1% private label penetration rate and roughly $2 billion private-label business are tiny. Amazon's Private-Label Business Could Be Really Big One DayAmazon's private label business could be really big one day.The math is pretty simple. An average private-label penetration rate of 25% on all of Amazon's 2018 revenue, excluding the sales of its cloud business, implies a private-label business of nearly $52 billion, versus its private-label business of about $2 billion today. That represents a 25-fold increase in private label sales. That's huge. Furthermore, it equates to an additional $50 billion revenue opportunity, for a company that reported $232 billion of sales in 2018. That means that AMZN could grow its top line 20%-plus by expanding its private-label business.Private-label products are made and sold by the company itself, reducing the role of middle men. Thus, private label sales increase margins. That means that, if AMZN increases its private-label business to 20% of its revenue, its bottom line would get a favorable bump of much more than 20%.In other words, this isn't small peanuts. It's a big deal.Now, the big question is: can AMZN do it? Can it turn a relatively small private- label business into a $50 billion-plus behemoth? The short answer is: yes. AMZN has done it before with other businesses, and it will do it again.The company has the data, reach, reputation, and brand equity necessary to sell Amazon-branded products on a large scale. The Marketplace Pulse research report partly corroborates this thesis. Although many of Amazon's private-label brands are duds, the ones with the name "Amazon" attached to them are doing very well, the report stated. That speaks volumes about this company's brand equity and reputation.Meanwhile, AMZN hasn't yet figured out a way to consistently utilize its wealth of consumer preference and shopping data to help it sell private-label products. But it's only a matter of time before the company does so. When it does, the company's private-label business will boom, especially considering that AMZN can put those products in front of millions of shoppers.So it does seem like only a matter of time before Amazon executes on its tremendous opportunity to create a huge private-label business. The Bottom Line on Amazon StockAmazon stock is a long-term winner, mostly because of this company's multiple, large growth levers. One underappreciated big growth lever is Amazon's opportunity in the private-label business. AMZN currently has one of the smallest private label businesses of any major retailer. With the right execution, that relatively small private-label business could become very large and raise the company's top line by 20%-plus and add far more to the bottom line.All in all, investors should stick with Amazon stock for many reasons, including its $50 billion private-label opportunity.As of this writing, Luke Lango was long AMZN, COST, TGT, and KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Will Private Labels Wake Up Amazon Stock? appeared first on InvestorPlace.

  • Kroger (KR) to Divest Turkey Hill & Focus on Core Operations
    Zacks4 days ago

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    Kroger (KR) inks deal with Peak Rock to sell the Turkey Hill business as part of its efforts to trim its non-grocery offerings.

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  • PR Newswire5 days ago

    Peak Rock Capital Affiliate Signs Definitive Agreement To Acquire Turkey Hill From The Kroger Co.

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  • Reuters5 days ago

    Deals of the day-Mergers and acquisitions

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  • The Wall Street Journal5 days ago

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    is selling its Turkey Hill dairy and drinks business to a private-equity firm, as the supermarket chain looks to focus on core operations amid rising competition among grocers. agreed to sell the business to an affiliate of Peak Rock Capital, an Austin, Texas-based private-equity investor, the firms said Tuesday. Financial terms weren’t disclosed.

  • Reuters5 days ago

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    PR Newswire5 days ago

    Kroger and Peak Rock Capital Announce Definitive Agreement for Purchase of Kroger's Turkey Hill Business

    CINCINNATI and AUSTIN, Texas, March 19, 2019 /PRNewswire/ -- The Kroger Co. (KR) and Peak Rock Capital, a leading middle-market private equity firm based in Austin, Texas, today announced a definitive agreement for the sale of Kroger's Turkey Hill business to an affiliate of Peak Rock Capital. As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out of its large Conestoga, Penn., facility with its nearly 800 full-time, part-time and seasonal associates and under the same recognizable Turkey Hill brand.

  • Amazon Keeps Hitting the Grocery Stocks
    InvestorPlace5 days ago

    Amazon Keeps Hitting the Grocery Stocks

    When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good.Source: Shutterstock And over the last year or so, many grocery chains have had to fight hard to keep their sales growing as their margins continue to collapse. * Top 7 Service Sector Stocks That Will Pay You to Own Them But it turns out that Amazon isn't done hitting the grocery store chains where it hurts. In fact, it plans to squeeze them a bit more.Rumors and news have begun to swirl that Amazon is working not only on opening more physical grocery stores to serve as delivery bases, but that it's also working hard on entering one of the most profitable niches for grocery stores: health and beauty products.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's another example of how AMZN plans to dominate all the parts of the retail landscape. For the grocery stocks, it's another cautionary tale. Whole Foods Was a Big Win for AMZN StockTo realize how big of a threat that Amazon has become to the grocery players, just take a look at Kroger's (NYSE:KR) latest results. It spent a great deal of money to compete with AMZN on delivery and technology, badly hurting its overall fourth-quarter earnings. The problem for KR and other major grocery chains is that AMZN isn't done yet.Amazon's acquisition of Whole Foods turned out to be ingenious. For one thing, the deal has expanded Amazon's presence and delivery capabilities. There are roughly 479 Whole Foods stores that now can serve as warehouses for the same-day or next-day delivery of products. These stores are a major component of AMZN's Prime Pantry delivery service.And speaking of Prime, Whole Foods has provided another important advantage to Amazon: it's gotten more people to sign up for the company's Prime service. By offering some discounts at "Whole Paycheck" for Prime members, AMZN has made Prime more enticing. That's important, since once consumers are in the retailer's ecosystem, they purchase more goods from it. The average Prime member spends roughly $1,400 per year on Amazon. Customers who aren't Prime members only spend an average of $600 per year. Amazon Ups Its Grocery GameThe problem for Amazon is that Whole Foods only accounts for 2.5% of the total U.S. grocery market. And generally, it caters to a smaller and wealthier segment of the population than rivals like Walmart (NYSE:WMT) or Kroger.Naturally, Jeff Bezos isn't going to let that situation continue. AMZN is going to fight back.A new report in the Wall Street Journal shows that Amazon is planning to open a new chain of grocery stores that are different from Whole Foods.AMZN has already signed several leases for such stores in cities like Chicago, San Francisco, and Seattle. The stores won't be designed to compete with the upscale, organic-focused Whole Foods at all. The stores' product mix would be similar to that of a normal grocery store and feature a variety of products at low price points. Are you looking to find free-range Himalayan salt? Head to Whole Foods. Do you want to buy Doritos? Amazon's new store will have it.And AMZN has the ability to easily build up these operations. According to the Wall Street Journal, Amazon is targeting areas that have recently been built up and occupied stores with leases that are ending soon.So its new stores will be located in a variety of suburban strip malls, open-air shopping centers or even in malls where Sears stores used to be.Moreover, the report mentioned that these new stores will be about 35,000 square- feet- or about half the size of a typical grocery store- and use AMZN's data mining to determine the best product mix for the local market.Amazon's initiative will tremendously undermine the size and location competitive advantages that Kroger and other supermarket chains have in the grocery game. AMZN Ups Its Grocery Game AGAIN!But it turns out that Bezos is doing even more to advance Amazon's plans in the grocery space. The second part of the Journal's report stated that AMZN is looking to be flexible about what it can sell in these new locations. Sometimes leases prevent stores from competing with other retailers at the same strip mall or shopping plaza. But Amazon will not accept any such restrictions.According to sources quoted by The Journal, that's because AMZN is looking to have some of these stores focus on health and beauty items. Cosmetics and skin- and hair-care products carry very high margins and are the real profit drivers for grocery chains.In a previous column, I highlighted Amazon's ambitions in private-label products and the juicy margins that such products carry. Health and personal-care items are the best-selling category for AMZN online. Analysts at the research firm Ascential estimate that AMZN generates $5 billion of annual sales from such products. Amazon's new stores will both enhance its logistics operation, just like Whole Foods' stores have, and enable it to get more of those high-margin products into consumers' hands. Another Long-Term Win for AMZNAmazon continues to excel at developing its grocery business. The idea of it opening a new type of store across the country is very exciting indeed. The move will provide it with plenty of market data and the ability to attract more customers into its Prime system, while creating a new, same-day distribution network.That's all great for AMZN stock. It's not so great for KR or the other major grocery chains or for grocery stocks.In the end, the grocery chains will have to spend some serious coin to catch up with AMZN and keep it from eliminating whatever margins they have left. That doesn't provide me with a lot of confidence in grocery stocks going forward.At the time of writing, Aaron Levitt held a long position in AMZN stock. 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    A temporary Piggly Wiggly sign is no longer hanging above the door on a storefront at a renovated Triad shopping center. Developer Shahzad Akbar told Triad Business Journal Tuesday that the Piggly Wiggly grocery store is still coming to Freeman Mill Square in Greensboro. TBJ broke the story about the Piggly Wiggly in January.

  • Kroger and Ocado Name Central Florida City Location of Second High-Tech Customer Fulfillment Center
    PR Newswire5 days ago

    Kroger and Ocado Name Central Florida City Location of Second High-Tech Customer Fulfillment Center

    GROVELAND, Fla., March 19, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Ocado (OCDO.L), one of the world's largest dedicated online grocery retailers, today announced Groveland, Lake County, Florida, as the second location for one of their Customer Fulfillment Centers (CFC).

  • It's unanimous: Kroger-Ocado warehouse coming to Groveland
    American City Business Journals6 days ago

    It's unanimous: Kroger-Ocado warehouse coming to Groveland

    Cincinnati-based supermarket giant Kroger Co. (NYSE: KR) and U.K.-based online-only grocer Ocado Solutions have confirmed where they're planting their Central Florida e-commerce warehouse. The 375,000-square-foot Groveland Customer Fulfillment Centers will be located in Groveland, a city west of Orlando in Lake County, at U.S. 27 and American Way near Florida's Turnpike, according to a March 18 release. The announcement comes after the city of Groveland unanimously approved a resolution March 18 approving an economic incentive award and authorizing City Manager Mike Hein to work with the companies to open the center.