KR - The Kroger Co.
| Previous Close | 25.54 |
| Open | 25.50 |
| Bid | 25.40 x 4000 |
| Ask | 25.85 x 1400 |
| Day's Range | 25.50 - 25.87 |
| 52 Week Range | 23.52 - 32.74 |
| Volume | 4,251,241 |
| Avg. Volume | 8,468,609 |
| Market Cap | 20.581B |
| Beta (3Y Monthly) | 0.89 |
| PE Ratio (TTM) | 6.86 |
| EPS (TTM) | 3.76 |
| Earnings Date | Jun 19, 2019 - Jun 24, 2019 |
| Forward Dividend & Yield | 0.56 (2.28%) |
| Ex-Dividend Date | 2019-05-14 |
| 1y Target Est | 28.26 |
- CNBC•yesterday
Grocery firm Kroger launches autonomous deliveries in Houston
The way people get their groceries delivered is changing.
- American City Business Journals•2 days ago
Kroger falls further behind Walmart on pricing, analyst says
Kroger Co.’s efforts to keep prices low have fallen short lately, at least when compared to Walmart, an analyst’s new study shows.
- American City Business Journals•2 days ago
Don Lee Farms to sell its plant-based burgers in 2,000 Kroger stores
Don Lee Farms is launching its organic plant-based burger in nearly 2,000 Kroger markets. The Inglewood, California-based company said the burgers will be sold in the meat section at Kroger, Ralphs, Dillons, King Soopers, Fry's, QFC and Fred Meyer. The organic burgers are currently available at Costco Wholesale, Publix, Wegmans, HEB, Stater Bros, Tops, Stop & Shop and markets across the United States.
- American City Business Journals•2 days ago
New sausage line to bring 30 jobs to San Antonio
The expansion comes as the company pushes for its products to be added to more grocery stores nationwide.
- Associated Press•2 days ago
Woman sues over melon linked to US salmonella outbreak
A Kentucky woman is suing an Indiana-based company that issued a recall last week for melon products linked to a salmonella outbreak. Fifty-year-old Tammy France of Louisville alleges in her federal lawsuit that she spent a week hospitalized with salmonella poisoning after eating pre-cut melon made by Caito Foods.
- InvestorPlace•2 days ago
Going Into Earnings, Is Visa Stock Everywhere You Want It to Be?
Visa (NYSE:V) is slated to reports its second-quarter earnings on Apr. 24 after the market closes. The payments processing giant continues to build market share and establish a reputation for beating earnings estimates, enabling Visa stock to trade near its all-time highs.Source: Shutterstock However, the company has begun to lose one high-profile customer. Moreover, a well-funded competitor has entered the credit-card business. Those developments could cause some owners of V stock to question its rising price-earnings multiple. * 7 Stocks to Buy for Spring Season Growth Although those issues don't pose an immediate threat to Visa's dominance, they could make investors think twice about buying Visa stock at its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Visa Should Beat Analysts' Estimates, But Is That Enough?For the second quarter, analysts on average expects Visa's earnings per share to come in at $1.24. If Visa hits that target, its EPS will have risen 11.7% year-over-year. Analysts' consensus revenue estimate is $5.46 billion, versus the $5.07 billion of revenue that the company reported in the same quarter of 2018.Since V has exceeded analysts' consensus earnings expectations in each of the previous four quarters, its Q2 results will probably beat the consensus outlook as well. As our society continues to increasingly give up cash, Visa and its peers should continue to benefit from that trend.Furthermore, Visa continues to gain market share from archrival Mastercard (NYSE:MA) as well as peers such as American Express (NYSE:AXP) and Discover (NYSE:DFS). As late as the third quarter of last year, Visa claimed more than 61% of total U.S. card volume. That makes Visa stock a compelling long-term buy on any pullback, even if the company's Q2 results are surprisingly negative.However, I see signs that the short-term outlook of Visa is not entirely positive. The price-earnings ratio of Visa stock now stands at around 34.5. That comes in slightly ahead of the long-term average multiple of V stock, which is about 32.6. Since Visa's profit is expected to increase 15.2% this year, I think Visa stock price is mildly overvalued.Meanwhile, V stock looks less than compelling when investors can buy AXP stock at about 14 times its earnings. By buying AXP, whose profits are expected to rise 11% this year, traders obtain about 72% of the growth of Visa at around 40% of the price. Visa Stock Faces Rising ThreatsAlso, Visa has used its dominant position to raise the fees that it charges merchants. That has prompted Kroger (NYSE:KR) to refuse to accept Visa cards at some of its locations. For now, Kroger is only refusing to accept Visa's credit cards at 21 of its Foods Co. stores in California. However, it will soon extend this ban to both its Smith's Food and Drug stores and its fuel centers in seven states.That places V in an awkward position. If Kroger stops accepting Visa at all of its stores or if other retailers start refusing to accept Visa cards at some of their stores, Visa's revenues could meaningfully drop. However, if Visa relents and lowers its fees, that will likely reduce its profits, negatively impacting Visa stock.Moreover, Apple (NASDAQ:AAPL) has partnered with Goldman Sachs (NYSE:GS) and Mastercard on its new Apple Card. At first glance, the card provides some benefits, such as faster cash-back rewards and enhanced security, since it does not use numbers.Still, it appears that the card will limit most of those benefits to consumers who are already using Apple's iOS ecosystem. For that reason, I would not expect the Apple Card to supplant Visa's dominant position. However, Apple Card could take market share from Visa, negatively impacting the Visa stock price. Concluding Thoughts on Visa StockAlthough Visa will more than likely post higher-than-expected earnings and revenue, emerging competitive threats could create doubts about Visa stock.Meanwhile, the valuations of Visa stock have begun to climb above their long-term averages. Also, Visa's rising fees have started to prompt merchants to push their customers to other cards. Furthermore, the Apple Card will give consumers another reason to avoid Visa.Despite the new threats, Visa stock should continue to benefit from double-digit profit growth. However, retailers and customers will take advantage of the lower fees of Visa's peers. Also, traders can invest in a credit-card network at a much lower multiple by buying AXP stock.As a result, the driving force of Visa stock could be the rising threats of better alternatives for multiple players. That does not mean investors should sell Visa stock. But investors still need to account for those dangers when they're considering buying V stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Going Into Earnings, Is Visa Stock Everywhere You Want It to Be? appeared first on InvestorPlace.
- American City Business Journals•2 days ago
Kroger faces federal lawsuit
Kroger Co. is one of two defendants named in a federal lawsuit stemming from a salmonella outbreak linked to precut melon.
- PR Newswire•2 days ago
Kroger and Nuro Launch Autonomous Grocery Delivery Service in Houston
HOUSTON, April 17, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Nuro, the robotics company transforming local commerce, have launched their autonomous grocery delivery service in Houston, starting with the South Post Oak store and followed by the Buffalo Speedway store later this spring. Houston is the second market for Kroger and Nuro's delivery service, and the first public use of Nuro's self-driving fleet in the city.
- American City Business Journals•3 days ago
Photos: Kroger, Nuro debut driverless delivery in Houston
After announcing the program last month, Kroger and Nuro have debuted their driverless car delivery in Houston.
- Motley Fool•3 days ago
3 Stocks Anyone Can Understand
These three companies have the beauty of simplicity and could be worth a look.
- Motley Fool•4 days ago
3 Top Value Stocks to Buy in April
Take a page from Warren Buffett's philosophy with these three bargains.
- Zacks•4 days ago
Why Kroger (KR) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kroger (KR) have what it takes? Let's find out.
- Zacks•4 days ago
IBM's Blockchain Service Adopted by Albertsons Companies
IBM Food Trust Network service, which utilizes blockchain technology, will be deployed by Albertsons Companies to enhance food traceability.
Reuters•7 days agoFDA pulls up Walmart, Kroger, others for selling tobacco to minors
The U.S. Food and Drug Administration said on Friday it has sent letters to Walmart Inc, Kroger Co and 10 other convenience store chains for selling tobacco products to minors. In the letters, dated April ...
- Investopedia•7 days ago
10 Stocks With Upside As Bull Rally Gets Pricey
These stocks, neglected by Wall Street, have the potential to post significant gains according to Jefferies.
- Zacks•7 days ago
Will Amazon's Robotics Startup Buyout Hurt WMT, TGT & KR?
Amazon's (AMZN) acquisition of Canvas Technology is likely to bolster its robotics capabilities to face off intensifying competition in retail space.
- Zacks•7 days ago
Amazon Boosts Customer Reach With Grocery Services Expansion
Amazon's (AMZN) expanding grocery services across the United States are intensifying the grocery competition.
- Market Realist•8 days ago
Where Could Costco Stock Be Heading?
Costco Sustained Its Momentum, Comps Rose 5.7% in March(Continued from Prior Part)What could limit the upside in Costco stock?Costco (COST) shares are trading at a forward PE ratio of 30.2x, which seems high given the projected EPS growth of ~7% in
- American City Business Journals•8 days ago
Construction of $130M Frito-Lay facility delayed; update expected this fall
Frito-Lay Inc. has delayed the construction of its planned $130 million, high-tech fulfillment center in Osceola County, but "remains committed to the project." The Plano, Texas-based snack food subsidiary of PepsiCo (Nasdaq: PEP) last summer announced plans to build the 286,000-square-foot, high-tech service center on 75 acres across from the Poinciana SunRail station and bring 200-plus jobs. “As we don’t have final timing on the construction timeline and site start-up, it would be premature to comment on the project timeline," Frito-Lay executives said in a written statement. "Frito-Lay remains committed to the project in Osceola County, and the legal title to the property is planned to be transferred to Frito-Lay in the coming weeks.
- Market Realist•8 days ago
Costco Sustained Its Momentum, Comps Rose 5.7% in March
Costco Sustained Its Momentum, Comps Rose 5.7% in MarchMarch comps Costco (COST) continues to report an industry-leading comparable sales growth rate. However, the deceleration in the sales growth rate and high valuation annoyed investors. On April
- American City Business Journals•8 days ago
Kroger acquires 68 acres in Butler County for distribution center
Kroger is moving forward with its plans to open a $55 million distribution center just south of Dayton.
- American City Business Journals•9 days ago
Kroger shuffles senior executive roles
Kroger Co. has made three changes to its senior executive team. Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, promoted Mary Ellen Adcock to senior vice president of retail operations as of May 1. It also promoted Joe Grieshaber, president of the company’s Fred Meyer division in the Pacific Northwest, to senior vice president of merchandising.
- American City Business Journals•9 days ago
Kroger buys land for first Ocado warehouse
Kroger Co. has purchased the land for its first warehouse and distribution center with British online grocery retailer Ocado.
- InvestorPlace•9 days ago
Blue Apron Stock Leaves a Bitter Taste for Many Investors
Blue Apron (NASDAQ:APRN) has a new CEO, but it's unlikely that personnel changes will make too much difference for Blue Apron stock.Source: Shutterstock In a press release announcing her hiring newly appointed Chief Executive Linda Kozlowski is quoted as saying that it was an "exciting time" to join the meal kit seller. For the company's long-suffering shareholders, things are a little too "exciting."Shares of the New York-based company are in a free-fall, falling 90 percent since debuting at $10 during its much-hyped 2017 IPO, even with its recent jump in the wake of Kozlowski coming on board. She is the company's third CEO since going public, and she faces a daunting challenge in turning the company around.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Risk Stocks With Big Potential Rewards Bad Breaks and Blue Apron StockAbout everything that could go wrong has gone wrong for Blue Apron. The company's IPO was a flop, pricing at the lower end of its expected range. Half of APRN's customer base has dropped the service as competition intensifies as the novelty has worn off. APRN's efforts to grow its business through partnerships with WW (NYSE:WTW), formerly known as Weight Watchers, haven't amounted to much as of now.The bitter taste investors experienced with Blue Apron stock isn't going away anytime soon. I don't see any logical buyer in the already-crowded market with 150 providers. The company's flawed business model makes gaining traction difficult.First, there is a low barrier to enter the market for meal kits, which are pre-measured ingredients with recipe cards. The only thing that separates one company from the other is the creativity of the chefs they employ. Grocery chains such as Walmart (NYSE:WMT), Kroger (NYSE:KR), which acquired APRN rival Home Chef last year, and Giant and Stop & Shop parent Ahold Delhaize NV offer meal kits. Amazon.com also offers meal kits through its Whole Foods grocery chain and on its main website. Flawed Business ModelThen there are the practical considerations.According to Grocery Dive, consumers can buy meal kits at grocery stores only hours before dinner time while subscription services like Blue Apron lock a customer into a meal plan for a week in advance. As a result, many consumers cancel their Blue Apron subscriptions after their free trials expire.Blue Apron is aware of this trend and last year announced a partnership with Costco (NASDAQ:COST) that was subsequently put on hold ahead of the December holidays. Though APRN plans to return to COST, it isn't clear when that will happen.Meal kits also are expensive. Blue Apron's plans run from $59.94 to $71.92 per week. I would expect my food to arrive at my house already cooked for that kind of money delivered by servers with white gloves. No wonder Ladd expects more than half of all meal kit companies to be out of business by 2025. Companies are marketing themselves on the tastiness of their meals, a strategy which has its limits.Forbes contributor Brittain Ladd put it this way:"…Telling me repeatedly that `No one has a better tasting meal kit than we do does not erase an inefficient supply chain, high unit costs, high customer acquisition costs, and low customer retention…According to Nielsen, only 9% of consumers have purchased a meal kit. That's an incredibly low number in an industry with sales in excess of $641 billion in 2017."Jonathan Berr doesn't own shares of any stocks mentioned in this post. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Blue Apron Stock Leaves a Bitter Taste for Many Investors appeared first on InvestorPlace.
