KR - The Kroger Co.

NYSE - NYSE Delayed Price. Currency in USD
27.00
+0.39 (+1.47%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous Close26.61
Open26.83
Bid0.00 x 1200
Ask27.00 x 4000
Day's Range26.68 - 27.06
52 Week Range20.70 - 31.64
Volume6,896,953
Avg. Volume8,523,466
Market Cap21.644B
Beta (3Y Monthly)0.56
PE Ratio (TTM)13.45
EPS (TTM)2.01
Earnings DateDec 4, 2019 - Dec 9, 2019
Forward Dividend & Yield0.64 (2.41%)
Ex-Dividend Date2019-11-14
1y Target Est27.52
  • MarketWatch

    Albertsons to phase out Plated subscription service, Blue Apron shares fall

    Albertsons Companies said Tuesday that it plans to phase out the Plated subscription meal service at the end of November. In its place, Albertsons will beef up its in-house culinary brand Own Brands, which will manage the expansion of the Plated brand into a home meal solution. The company will expand the Plated brand with new products in 2020. Albertsons tested meal-kit performance in its Northern California Safeway stores and found that those who purchased Plated products were more likely to have families and purchase larger baskets. Kroger Co. announced at its recent investor meeting that it would also be expanding its Home Chef meal-kit brand, which it acquired in 2018. Blue Apron Holdings Inc. stock was down 4.2% in Tuesday trading after the latest news from Albertsons. Blue Apron reported wider-than-expected losses and a revenue miss in its most recent earnings announcement. Blue Apron stock has lost 61.6% of its value over the past year while the S&P 500 index is up 13.4% for the period.

  • Moody's

    Rutherford (County of) TN, Ind. Devel. Board -- Moody's affirms Kroger's Baa1 rating

    Moody's Investors Service ("Moody's") today affirmed The Kroger Co.'s ("Kroger") senior unsecured rating at Baa1 and also affirmed the company's Commercial Paper rating of Prime-2. "While the competitive pressures in food retailing continue to impact the supermarket space, Kroger's large scale, its dominant market position vis-à-vis other traditional food retailers, its store format diversification, strong corporate brands, and strategic investments under its Restock Kroger initiative will provide the impetus for topline and earnings growth in the next 12-18 months," stated Moody's Vice President Mickey Chadha. "We expect Kroger to continue to report identical store sales growth, increase opearting profit and maintain a balanced financial policy, the corner stone of which is its 2.3-2.5 times reported net debt to EBITDA target", Chadha further stated.

  • MarketWatch

    Kroger's stock gains after Deutsche Bank upgrade to hold, raises price target

    Shares of Kroger Co. rose 0.9% in morning trading, after Deutsche Bank analyst Paul Trussell backed away from his bearish rating on the grocery chain, citing growing optimism about the company's digital offerings. The upgrade comes as Trussell said he's incrementally more positive on the food retail sector, as online grocery has slightly outpaced his original growth projections, and with industry data showing that "at home" is gaining share of consumer stomachs. "Additionally, we are upgrading Kroger from sell to hold as we increase our ID forecast to reflect digital initiatives gaining traction," albeit a few years delayed relative to rivals such as Walmart Inc. . Trussell raised his stock price target for Kroger to $27 from $22. The stock rose 16.3% over the past three months, but has still slipped 2.4% year to date, In comparison, Walmart shares have run up 28.1% this year and the S&P 500 has climbed 23.6%.

  • Kroger launches auto-buying program
    American City Business Journals

    Kroger launches auto-buying program

    Kroger Co. is expanding its services with a new partnership designed to help save customers money when they purchase a new or used vehicle.

  • 7 Stocks Poised to Rise as Market Enters Best Stretch in 8 Decades
    Investopedia

    7 Stocks Poised to Rise as Market Enters Best Stretch in 8 Decades

    The November to January period historically offers the strongest stock market returns, and these stocks may be poised to ride that seasonal pattern.

  • Kroger Stock Rallies on Robust Fiscal 2020 View & Buyback Plan
    Zacks

    Kroger Stock Rallies on Robust Fiscal 2020 View & Buyback Plan

    Kroger (KR) wins investors' optimism on strong outlook for fiscal 2020 and beyond, driven by strength in the Restock Kroger program and its financial model.

  • Is Kroger Stock’s 11% Jump Yesterday Justified?
    Market Realist

    Is Kroger Stock’s 11% Jump Yesterday Justified?

    Kroger (KR) stock closed more than 11% higher yesterday after the company gave better-than-expected 2020 sales and EPS guidance.

  • Bloomberg

    Does Every Car Need a Steering Wheel and Seat Belts? A Tech Lawyer Says No

    (Bloomberg) -- When I first met Silicon Valley lawyer David Estrada in 2014, he was an executive at Lyft Inc. who was tussling with New York City regulators. Lyft wanted to allow its drivers to ferry passengers around the city without special licenses. He lost that battle but won the war, helping to persuade dozens of states and countries to change their laws and usher in the age of ride-hailing.It turns out that Estrada’s two years at Lyft were just one part of a 15-year slalom through some of Silicon Valley’s most disruptive companies. He had previously worked at Google X, crafting the first autonomous vehicle legislation in states like California, Florida and Nevada. After Lyft, he moved to Kitty Hawk, Larry Page’s secretive flying car company, and then became the head of legal and policy at Bird Rides Inc., nudging more than 100 U.S. cities and several countries to accept (though not necessarily embrace) street-side electric scooter rentals.Now Estrada is taking on a new role at Nuro Inc., a Mountain View, California-based self-driving car startup founded by two of his former Google colleagues and backed by nearly $1 billion from SoftBank Group Corp.’s Vision Fund. Nuro envisions autonomous cars not only without drivers but without passengers, either. Its goal is to create lightweight vehicles designed for delivering packages, groceries and meals to people’s homes.“My hope is that I can help Nuro achieve the first commercial success with autonomous vehicles, which is really what I set out to do when I started on this path back at Google,” says Estrada, who must first convince regulators and citizens who will likely be skeptical of another wave of Silicon Valley-style disruption in their communities.Nuro completed a pilot program to deliver groceries this year in Scottsdale, Arizona. Next year in Houston, it plans to start delivering food from Kroger Co. and Domino’s Pizza Inc. via an upgraded electric vehicle prototype that can travel up to 25 miles per hour.Estrada will eventually have to navigate a tangle of state and federal authorities. States license individual drivers and oversee their roads and highways, while the National Highway Traffic Safety Administration regulates federal motor vehicle safety standards. The Feds must be convinced to accommodate an entirely new class of self-driving delivery vehicles that theoretically don’t need steering wheels, seats, seat belts, windshield wipers or rear-view mirrors. Nuro’s application for an exemption from safety standards for its vehicles is pending.Estrada plays up the safety of Nuro cars, which are designed to tolerate damage to its cargo in collisions (what’s a few broken eggs in a crash?) while minimizing the impact to other vehicles, pedestrians and pets.He’ll face other concerns as well. In addition to further congesting already clogged city streets, driverless delivery vehicles threaten to put more than 400,000 delivery drivers in the U.S. out of business.Estrada argues that Nuro cars won’t supplant existing delivery people but expand the overall market while creating more jobs inside supermarkets and restaurants and lowering the cost of home delivery services like DoorDash and UberEats. Of course, he’ll have to deliver that message at a time when Amazon.com Inc. is trying to eliminate cashier jobs with its Go store, and chains like McDonald’s Corp. are working on automating functions like the drive-through.Which is why Silicon Valley companies pay him the big bucks. Nuro co-founder and President Dave Ferguson acknowledges the formidable regulatory and PR challenges and says he hopes Estrada can “push us over the finish line.”This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here.And here’s what you need to know in global technology newsUber braces. Many early investors and employees can sell their stock for the first time on Wednesday.FCC inquires. The agency want to know if equipment from Huawei has been installed near sensitive military bases.Match Group dumped. Shares plummeted after the online dating giant disappointed investors with a lackluster financial report.To contact the author of this story: Brad Stone in San Francisco at bstone12@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • American City Business Journals

    Here’s your first look at Kroger’s new branding: SLIDESHOW

    Kroger Co. has transformed its logo and branding. It includes a new logo, animated characters called “Kroji” (think Kroger plus emoji) and a new tagline: “Fresh for Everyone.” The refreshed logo will still look familiar to longtime customers as it retains the iconic shape of the “K” and “G.” The company will also continue to use blue as its signature color to signal its “heritage, safety and trust,” the company said, but it will be accompanied by a brighter accent palette. One of the most notable changes will be the addition of “Kroji” and animation meant to set Kroger’s look apart from that of other retailers.

  • Kroger Debuts New Logo and Launches Brand Transformation Campaign
    PR Newswire

    Kroger Debuts New Logo and Launches Brand Transformation Campaign

    "Kroger's new brand launch is a unifying framework for our seamless shopping experience that is designed to deepen our connection with customers and associates today and into the future, support our business transformation and provide an elevated creative approach," said Mike Donnelly, Kroger's executive vice president and chief operating officer. "Kroger chose Fresh for Everyone as our leading brand message because it is inclusive, clear and memorable and supports our vision of serving America through food inspiration and uplift. "Kroger believes that everyone deserves to have access to fresh, affordable and delicious food, no matter who you are, how you shop or what you like to eat.

  • Kroger Stock Soars on 2020 Outlook, Share Buyback Plan
    Market Realist

    Kroger Stock Soars on 2020 Outlook, Share Buyback Plan

    Despite ongoing skepticism from Jefferies, the spike in Kroger’s stock price today puts its year-to-date movement in the positive zone.

  • Amazon Fresh is beating Walmart and Kroger on grocery prices
    Yahoo Money

    Amazon Fresh is beating Walmart and Kroger on grocery prices

    Amazon continues its land grab in the grocery market by undercutting rivals' prices and eliminating Amazon Fresh fees for Prime members.

  • GuruFocus.com

    Wall Street Relatively Stable Tuesday

    Shake Shack sinks 19% after reporting 3rd-quarter results Continue reading...

  • Kroger unveils new ad campaign, tests free pickup
    American City Business Journals

    Kroger unveils new ad campaign, tests free pickup

    Kroger Co. unveiled a new ad campaign and slogan on Tuesday morning while launching a test of free grocery pickup for customers.

  • Barrons.com

    The Dow Is Up 23 Points as Trade-Deal Hopes Waver

    U.S. stocks hovered near their break-even point after early optimism about a fresh round of positive news on the trade talks faded.

  • MarketWatch

    Kroger will further expand its plant-based private-label offerings: WSJ

    Kroger Co. , which is hosting its investor meeting on Tuesday, said it will roll out an additional 58 plant-based items under its private label Simple Truth in 2020, according to The Wall Street Journal. The company introduced 22 plant-based products in 2019. The company also said it will continue to expand its meal-kit offering, using the Home Chef brand that it acquired in 2018. And grocery pickup will be free through Dec. 31, with the company eliminating the $4.95 fee through the holiday season. Earlier in the day, Kroger announced a new $1 billion stock buyback program. Kroger shares soared 11.3% in Tuesday trading, though the stock is down 9.1% over the last year. The S&P 500 index is up 12.3% for the past 12 months.

  • 80 Acres Farms launches pilot with Kroger
    American City Business Journals

    80 Acres Farms launches pilot with Kroger

    Hamilton-based 80 Acres Farms, the indoor farming enterprise that claims its produce is superior to fruit and vegetables labeled organic, has launched a pilot program with Kroger Co.

  • Kroger updates guidance, stock jumps
    American City Business Journals

    Kroger updates guidance, stock jumps

    Kroger Co. provided analysts with its highly anticipated update to its financial guidance Tuesday morning and investors loved it, driving up the stock.

  • Bloomberg

    Kroger Rises as 2020 Profit Forecast Tops Analyst Estimates

    (Bloomberg) -- Kroger Co. gained after saying profit next year will be better than analysts are predicting, a rare bit of good news for the beleaguered supermarket chain.Adjusted earnings per share will range from $2.30 to $2.40 in 2020, Kroger said in a statement Tuesday in advance of a presentation to investors in New York. That compares with the $2.19 average of projections. Kroger also said same-store sales excluding fuel, a key metric, should improve slightly next year.Key InsightsThe nation’s biggest traditional grocery retailer is under siege on two fronts: Lower-priced discounters like Walmart Inc. and Germany’s Aldi are luring away value-focused shoppers, while Amazon.com Inc. this month continued its encroachment by making fresh-food deliveries free for its Prime members in 22 markets.While the outlook for conventional grocers like Kroger “seems especially challenged,” according to Morgan Stanley analyst Simeon Gutman, Kroger said in the statement that its business is “strong and durable” and will deliver improved profit performance over time.Same-store sales growth excluding fuel will be greater than 2.25% in 2020, Kroger said. It expects as much as 2.25% growth this year.Kroger is trying to offset the threats to its core business by expanding into new, more profitable areas like personal finance and digital advertising, but the prospects for those areas remain largely unknown, Gutman said. The company shed a bit more light on them Tuesday by saying they will deliver incremental profit of as much as $150 million next year, up from about $100 million in 2019.The company has also signed partnerships with drugstore chain Walgreens Boots Alliance Inc., Microsoft Corp. and Britain’s Ocado Group Plc to reach new customers and modernize its operations.Market ReactionKroger rose as much as 4.8% on Tuesday, the most intraday in almost three months. The shares had declined 9.1% this year through Monday’s close.Get MoreFor the full statement, click here.(Updates shares)To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Lisa Wolfson, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • If You Had Bought Kroger (NYSE:KR) Stock Three Years Ago, You'd Be Sitting On A 20% Loss, Today
    Simply Wall St.

    If You Had Bought Kroger (NYSE:KR) Stock Three Years Ago, You'd Be Sitting On A 20% Loss, Today

    The Kroger Co. (NYSE:KR) shareholders should be happy to see the share price up 12% in the last quarter. But that...

  • Morningstar

    Kroger's Investor Day Leaves Us Confident in Our View

    We suggest investors await a more attractive entry point before buying shares of the narrow-moat firm.

  • Reuters

    UPDATE 2-Kroger 2020 profit, sales estimates top expectations; shares surge

    Supermarket chain Kroger Co forecast 2020 profit and comparable sales ahead of Wall Street estimates on Tuesday, saying it expects to see further benefits from investments in store modernization and deliveries, sending its shares up 10%. In the face of growing competition in the U.S. grocery space, recently disrupted by online retail giant Amazon.com , Cincinnati-based Kroger has taken a series of steps to boost its sales, including slashing prices. Under its two-year-old "Restock Kroger" program, the company has been focusing on private-label brand display, rearranging store layouts and expanding home delivery and self checkouts services.

  • MarketWatch

    Kroger stock rises after $1 billion share buyback announced

    Kroger Co. shares rose 2.8% in Tuesday premarket trading after the grocer announced a $1 billion share buyback program during its investor meeting. The program replaces the existing share repurchase plan. Kroger also reaffirmed its 2019 guidance for EPS of $2.15 to $2.25. FactSet is guiding for $2.19. Same-store sales, excluding fuel, are expected to grow 2% to 2.25%. FactSet is guiding for 2% growth. For 2020, Kroger is guiding for same-store sales growth, excluding fuel, to be "greater than" 2.25% and adjusted EPS in the range of $2.30 to $2.40. The FactSet outlook is for same-store sales growth of 2% and EPS of $2.30. Kroger stock has fallen 18.4% over the past year while the S&P 500 index has gained 12.4% for the period.

  • Kroger 2020 profit, sales estimates top expectations; shares surge
    Reuters

    Kroger 2020 profit, sales estimates top expectations; shares surge

    In the face of growing competition in the U.S. grocery space, recently disrupted by online retail giant Amazon.com , Cincinnati-based Kroger has taken a series of steps to boost its sales, including slashing prices. Under its two-year-old "Restock Kroger" program, the company has been focusing on private-label brand display, rearranging store layouts and expanding home delivery and self checkouts services. When it announced the program in 2017, Kroger had planned $9 billion in capital investments over three years and had forecast $400 million in incremental operating profit by 2020.

  • Kroger investors still skeptic about certain aspects
    Yahoo Finance Video

    Kroger investors still skeptic about certain aspects

    Supermarket chain Kroger rolled out a rebrand today. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the rebrand, and recap the company’s Investor Day.