KR - The Kroger Co.
| Previous Close | 27.01 |
| Open | 27.23 |
| Bid | 26.97 x 3000 |
| Ask | 26.98 x 2200 |
| Day's Range | 26.81 - 27.23 |
| 52 Week Range | 20.70 - 30.63 |
| Volume | 2,695,536 |
| Avg. Volume | 8,396,418 |
| Market Cap | 21.564B |
| Beta (3Y Monthly) | 0.56 |
| PE Ratio (TTM) | 13.40 |
| EPS (TTM) | 2.01 |
| Earnings Date | Dec 4, 2019 - Dec 9, 2019 |
| Forward Dividend & Yield | 0.64 (2.37%) |
| Ex-Dividend Date | 2019-11-14 |
| 1y Target Est | 27.52 |
- 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.
- American City Business Journals
Kroger launches farms to grow its own produce on site
Kroger Co. is getting into the farming business. Downtown Cincinnati-based Kroger, the nation’s largest operator of traditional supermarkets, has partnered with German company Infarm to create modular living produce farms at some of its stores.
- PR Newswire
Kroger Partners with Europe's Infarm to Offer In-store Living Produce Farms
BERLIN and CINCINNATI, Nov. 19, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Infarm, the world's fastest growing urban farming network, today announced a partnership that will bring modular living produce farms to North America, delivering produce picked so fresh you can see the roots. The partnership between Kroger and Infarm marks the first-of-its-kind in the United States. The living produce farms will launch this month at two of the 15 stores planned at QFC – a Kroger banner – at locations in Bellevue and Kirkland, Washington.
- Financial Times
Kroger partners with German vertical farm start-up Infarm
Infarm, the Berlin-based vertical farming start-up, is entering the US market by partnering with Kroger, a leading grocery retailer. Infarm offers innovative “modular” vertical farming units that can be installed in-store and inside restaurants, removing the need for transportation and providing shoppers with fresh produce. In Europe, it is partnering with retailers including Marks and Spencer, Metro, Migros, Casino and Intermarché, as well as with Amazon’s grocery delivery service AmazonFresh in Germany, Switzerland, France and Luxembourg.
- Zacks
Kroger, Ocado to Open Sixth Fulfillment Center in Wisconsin
Kroger (KR) partners with Ocado for the second time to open another CFC in Wisconsin. The move will facilitate faster grocery delivery and enhance omnichannel strategies.
- American City Business Journals
Triad sports industry prepares for banner 2020
Triad sports fans and hospitality businesses should enjoy a busy and profitable 2020. The U.S. Figure Skating Championships is coming to the Greensboro Coliseum Complex in January, followed in March by the women's and men's ACC basketball tournaments and the opening weekend of the men's NCAA Tournament. Major annual events include the PGA Tour's Wyndham (NYSE: WH) Championship at Sedgefield Country Club and the ATP Tour 250 Winston-Salem Open at the Wake Forest Tennis Complex.
- Zacks
Target Q3 Earnings Preview: Buy TGT Stock After Walmart's Growth?
Target jumped over 2% Thursday after rival Walmart impressed Wall Street once again with its comps and e-commerce growth. So is it time to buy TGT stock heading into earnings?
- American City Business Journals
TBJ Plus: Why grocery chains Publix, Wegmans, Lidl and Kroger should worry about Walmart's earnings
It was no surprise that Walmart beat earnings estimates — again — this quarter. However, what is surprising is how it is growing its online business.
- Yahoo Finance
Walmart's stock is trading at a record high and one sentence reveals why
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
- Zacks
Walgreens Boots Rallies on KKR's Bid but Market View Mixed
Albeit the market sentiment is bullish on Walgreens Boots' (WBA) potential acquisition deal, many analysts are in doubt about the company's effective approach to get privatized.
- Bloomberg
Walmart Shows How to Compete Against Amazon
(Bloomberg Opinion) -- The uncertainties for Walmart Inc. were piling up in the third quarter, both external (tariff whiplash, recession fears) and internal (a management shuffle in the U.S.). Judging by its Thursday earnings report, though, the big-box giant was unruffled by all the change.Walmart boosted its full-year earnings outlook and reported that U.S. comparable sales in the latest quarter rose 3.2% from a year earlier, slightly ahead of analysts’ estimates.The increase in comparable sales reflects both growth in transactions, a proxy for traffic, as well as ticket prices, which can reflect consumers buying pricier goods or filling their baskets with more items. The company also recorded a 41% increase in e-commerce sales from a year earlier, putting its full-year estimate for online sales growth of about 35% within easier reach.It all adds up to a business-as-usual quarter for a company that has now recorded 21 straight quarters of comparable sales growth in the U.S. Walmart’s growth has been so steady, in fact — and its components so consistent — that there is little doubt that the retailing giant can hold its own in its showdown with Amazon.com Inc.The key to Walmart’s strategy and growth potential is its grocery department. This division, which accounts for more than half of U.S. sales, recorded “mid-single digit” comparable sales growth in the quarter, easily outpacing the low-single digit growth that has been routine at supermarket giant Kroger Co.Continued momentum in grocery is Walmart’s best way of playing offense against Amazon at a time when the e-commerce behemoth’s strategy for the category looks increasingly incoherent. After plunking down $13.7 billion for Whole Foods Market in 2017, Amazon confirmed this week it is building an entirely different brick-and-mortar grocery chain. When Amazon talked up price cuts at Whole Foods, it seemed like it was trying to broaden the grocery chain’s appeal. Why does it now need a second chain to reach more shoppers? And how and why do these endeavors coexist with Amazon Fresh, its e-commerce delivery service?Meanwhile, Walmart’s strategy is clearly defined and appears to be effective. It has rolled out click-and-collect grocery shopping at more than 3,000 stores and offers grocery delivery from 1,400. The company continues to work not just on logistics, but on the food itself: Executives said improvements to fresh food, including in its bakery and meat department, helped power its market share gains in the quarter. It has spiffed up its private-label food offering in recent years, and said sales continued to be “strong” in those products.None of this is to say that Walmart’s future in the food business is assured. Now that its pickup service has reached so many stores, it’s going to get more challenging to add new customers. Grocery delivery is not as widely available yet, and will require Walmart to nail some new logistical gymnastics. Meanwhile, Bloomberg News has reported on the tension between Walmart’s digital and brick-and-mortar teams, which if left unaddressed could undermine the collaboration and innovation so crucial to Walmart’s growth.For now, however, Walmart looks to be in solid shape, with food as its primary fuel for success.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- PR Newswire
Kroger and Ocado Bringing 6th High-Tech Customer Fulfillment Center to Pleasant Prairie, Wisconsin
MILWAUKEE, Nov. 14, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's favorite grocer, and Ocado (OCDO.L), one of the world's largest dedicated online grocery retailers, today announced Pleasant Prairie, WI, as the sixth location for a Customer Fulfillment Center (CFC). "Kroger is incredibly excited to construct one of our industry-leading Customer Fulfillment Centers in Pleasant Prairie, WI, in relationship with Ocado to bring fresh food to our customers faster than ever before," said Robert Clark, Kroger's senior vice president of supply chain, manufacturing and sourcing.
- Investopedia
Top Consumer Staples Stocks for November 2019
These are the consumer staples stocks with the best value, fastest growth, and most momentum for November.
- Barrons.com
Kroger Shares Get a Lift from Deutsche Bank Upgrade
Kroger and other traditional grocery stores have been pinched by Amazon.com and newer digital entrants and by Walmart’s continued push to expand its grocery business.
- Barrons.com
The Dow Is Down as Hong Kong Protests Continue. Fed Testimony Is the Key Today.
U.S. stock futures were in the red as unrest continued in Hong Kong, uncertainty over a trade deal dragged on, and investors awaited Congressional testimony by Federal Reserve Chairman Jerome Powell.
- 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%.
- 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.
- 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.
- 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.
- 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.
- 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.
