KR - The Kroger Co.
| Previous Close | 29.32 |
| Open | 29.39 |
| Bid | 29.21 x 1400 |
| Ask | 29.22 x 800 |
| Day's Range | 28.98 - 29.59 |
| 52 Week Range | 22.85 - 32.74 |
| Volume | 3,511,185 |
| Avg. Volume | 7,308,790 |
| Market Cap | 23.274B |
| Beta (3Y Monthly) | 0.81 |
| PE Ratio (TTM) | 6.68 |
| EPS (TTM) | 4.37 |
| Earnings Date | Mar 7, 2019 |
| Forward Dividend & Yield | 0.56 (1.91%) |
| Ex-Dividend Date | 2018-11-14 |
| 1y Target Est | 31.09 |
- GlobeNewswire•22 minutes ago
Smithfield Foods Donates More Than 30,000 Pounds of Protein to Gleaners Food Bank of Indiana
Today, Smithfield Foods, Inc. and Kroger joined forces to donate more than 30,000 pounds of protein to Gleaners Food Bank of Indiana. Smithfield’s contribution was part of the company’s 2019 Helping Hungry Homes® donation tour. Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure.
- Zacks•50 minutes ago
Buy Walmart (WMT) Stock For 2019 on Morgan Stanley Upgrade?
Let's take a look at the reasons for Morgan Stanley's enthusiasm and dive into why Walmart might be a solid stock to own at the moment.
- Simply Wall St.•5 hours ago
Should The Kroger Co.’s (NYSE:KR) Weak Investment Returns Worry You?
Today we'll look at The Kroger Co. (NYSE:KR) and reflect on its potential as an investment. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us Read More...
- Market Realist•22 hours ago
Will Walgreens’s Strategic Initiatives Boost Its Sales?
How Is Walgreens Boots Alliance Positioned in 2019?(Continued from Prior Part)Sales growth trend Walgreens Boots Alliance’s (WBA) sales rose 9.9% to $33.8 billion in the first quarter of fiscal 2019 (which ended on November 30, 2018) driven by its
- Markit•yesterday
See what the IHS Markit Score report has to say about Kroger Co.
# Kroger Co ### NYSE:KR View full report here! ## Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for KR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding KR totaled $661 million. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator with a strengthening bias over the past 1-month. KR credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Moody's•5 days ago
Inmar, Inc. -- Moody's affirms Inmar's B2 CFR following YouTech acquisition; outlook stable
Moody's Investors Service ("Moody's") affirmed Inmar, Inc.'s ("Inmar") Corporate Family Rating ("CFR") at B2 and Probability of Default Rating ("PDR") at B2-PD. The affirmation follows Inmar's pending acquisition of You Technology, LLC ("YouTech") from The Kroger Co. ("Kroger"). The acquisition will be financed with a proposed $415 million incremental first lien term loan and preferred equity.
- Zacks•5 days ago
Walmart's Latest Move to Step Up Online Grocery Delivery Game
Walmart (WMT) teams up with Point Pickup, Skipcart, AxleHire and Roadie. These collaborations are set to strengthen Walmart's online grocery delivery service.
- American City Business Journals•6 days ago
Kroger offers $1M prize for idea to eliminate waste
Kroger Co. is offering a prize of up to $1 million for the best ideas about how to eliminate waste. Kroger CEO Rodney McMullen talked about the program and huge prize Sunday morning at the National Retail Federation’s NRF 2019: Retail’s Big Show in New York, in a presentation moderated by CNBC’s Sara Eisen. “Next month we’ll announce a prize of up to $1 million for a profit company or a not-for-profit company in terms of how do you eliminate waste,” McMullen said during his keynote presentation. Specifics aren’t available yet, but Kroger spokeswoman Kristal Howard confirmed the supermarket company will make an announcement early next month. The program is part of Kroger’s Zero Hunger | Zero Waste initiative launched in late 2017.
- American City Business Journals•6 days ago
Kroger adds Cincinnati beverage company’s products
Kroger Co. will add a Cincinnati beverage company’s products to shelves at its stores in Cincinnati and Atlanta this spring.
- The Wall Street Journal•6 days ago
Food Fight in the Cookie Aisle---Hydrox vs. Oreo Turns 'Cutthroat'
has filed a complaint with the Federal Trade Commission, publicly accused his biggest competitor of foul play and rallied his customer base. Mr. Kassoff, who owns Hydrox, is waging an uphill battle against his nemesis, Oreo, as he tries to reclaim prime territory on grocery shelves. Hydrox had disappeared in 2008, but Mr. Kassoff thought bringing it back would be a sweet investment.
- Motley Fool•6 days ago
Inside Kroger and Microsoft's New Smart-Grocery Partnership
Kroger and Microsoft team up to take on Amazon Go and Whole Foods.
- Zacks•7 days ago
Amazon Roundup: CES, Whole Foods, AWS, Robotics, Dash, India
Here are the top stories from last week.
- American City Business Journals•7 days ago
Kroger CEO makes five predictions about retail’s future
Kroger Co. CEO Rodney McMullen made some fearless forecasts when he gave a keynote presentation at the world’s largest retail conference.
- PR Newswire•8 days ago
Kroger Chairman and CEO Rodney McMullen Outlines Five Exciting Predictions for the Future of Retail
CINCINNATI, Jan. 15, 2019 /PRNewswire/ -- The Kroger Co. (KR) Chairman and CEO Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail's Big Show in New York City during a dynamic keynote presentation themed Restocking the future: Kroger's insatiable appetite to play and win the long game. CNBC "Squawk on the Street" and "Closing Bell" Anchor Sara Eisen moderated the 30-minute conversation on Sunday. Here are Mr. McMullen's five predictions for the future of retail.
- Markit•8 days ago
See what the IHS Markit Score report has to say about Kroger Co.
# Kroger Co ### NYSE:KR View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for KR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $12.43 billion over the last one-month into ETFs that hold KR are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. KR credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- American City Business Journals•9 days ago
Business groups, grocery proponents oppose Cuomo's plastic bag ban
The ban could increase emissions because it costs more to transport paper bags than plastic ones, they say.
- American City Business Journals•9 days ago
Kroger partners with tech company on groundbreaking point-of-sale system
Kroger Co. has teamed up with a tech company to develop a software system to handle its point-of-sale transaction and data-gathering needs.
Yahoo Finance•9 days agoVenture capitalist: Natural food is the future
AccelFoods, a venture capital fund based in New York, is investing in the future of natural foods.
- American City Business Journals•9 days ago
Kroger CEO: Harris Teeter acquisition was a preemptive shot at Amazon
Kroger Co. CEO Rodney McMullen said the company foresaw Amazon.com Inc. getting into the grocery store business, prompting it to acquire North Carolina-based Harris Teeter Supermarkets five years ago.
- InvestorPlace•9 days ago
Kroger Stock Could Be So Much More
When Amazon.com (NASDAQ:AMZN) announced in 2017 that it would pay $13.7 billion to buy Whole Foods, my reaction was that, for another $10 billion, AMZN could have bought all the shares of Kroger (NYSE:KR) stock. Kroger, at that time, held about 10% of the U.S. grocery market, against less than 2% for Whole Foods. The big dog on that street was Walmart (NYSE:WMT), which had a 26% share of the sector. The market cap of KR stock this morning was $22.73 billion, barely one-sixth its fiscal 2018 sales. The market cap of Walmart stock, on the other hand, is equal to more than half of the company's sales. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 A-Rated Stocks the Smart Money Is Piling Into Since AMZN bought Whole Foods, Kroger has been fighting Whole Foods (and by extension Amazon) with every fiber of its being, using a project KR calls "Restock Kroger." Recently, as part of that initiative, KR made a deal with Microsoft (NASDAQ:MSFT) to incorporate technology into two of its stores and make them more like AMZN's Amazon Go outlets. According to The Verge, the stores developed by Kroger and MSFT "are filled with digital shelf labels and image recognition cameras, and aim to create a retail environment that's easier for both customers and retail employees to navigate." But the whole story of KR stock is a little more complicated. ### Retail Is Complex A grocery store isn't just where food is sold. It's also a place to which food is supplied. The key to winning isn't just getting people to come in and buy the merchandise. Supplying stores at the lowest possible prices and keeping inventory losses to a minimum are also key parts of the business. Kroger has made a number of deals to boost its performance in those areas. It has become the U.S. licensee for Ocado, a British company that aims to make profitable online sales through automated warehouses. It also bought Home Chef, a meal-kit company. Warehouses like those designed by Ocado can break bulk efficiently and centrally. Meal kits like those of Home Chef reduce waste by sending people only what they need to cook a meal. Not all the competition in this space is taking place on the sales floor. ### The Macy's Problem The real problem for Kroger and owners of KR stock remains that no one knows what Kroger is. As I have written many times, Kroger is Mariano's in Chicago. It's Harris Teeter in North Carolina, and Ralph's in California. It's King Soopers in Colorado and Fred Meyer in Oregon. All these retail chains operate independently, as we learned when Kroger closed its Kroger-branded operations in North Carolina, whose workers were unionized, and replaced them with Harris Teeter stores, whose employees are not in unions. As a result, even some owners of KR stock may not know just how big Kroger is. It had sales of $122 billion in its last fiscal year and should come close to surpassing that total when it reports its Q4 results in March. Kroger easily covers the 14-cent quarterly dividend paid by KR stock. which currently has a dividend yield of almost 2% KR has the same problem that Federated Department Stores faced in the last century. Federated finally chose Macy's (NYSE:M) as its brand, and as recently as 2015, Macy's was doing well, until the performance of shopping malls tumbled. Kroger might do well to remember this history and consolidate itself under one brand name, rather than doing side deals like selling its convenience stores, which it did last year for $2.15 billion. ### The Bottom Line on KR Stock If Kroger had a single identity, its deals with MSFT, Ocado and Home Chef would have had much more of an impact on KR stock. But that's one big change that looks unlikely to happen, which is why KR stock is selling for 31% less than it did in late 2015, against a 26% gain by the S&P 500. KR stock has held up well in the current volatile market, and it's risen over the last six months. But KR stock is still a defensive play, appealing primarily to risk-off investors. That is sad because KR stock could be so much more. Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Kroger Stock Could Be So Much More appeared first on InvestorPlace.
- InvestorPlace•9 days ago
Will MSFT’s Partnership With Kroger Drive Microsoft Stock Higher?
On Jan. 7, Kroger (NYSE:KR) and Microsoft (NASDAQ:MSFT) announced a partnership to build the grocery stores of the future. A press release was posted on Microsoft's website: "Together, we will redefine the shopping experience for millions of customers at both Kroger and other retailers around the world, setting a new standard for innovation in the industry," said Microsoft CEO Satya Nadella. Microsoft stock closed at $102.06 that day, up 0.41%; KR stock gained 27 cents (0.97%), closing at $27.92. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two high-tech stores will open. One will open in Redmond, Washington, near Microsoft's headquarters. The other will be in Monroe, Ohio, near Kroger's hometown of Cincinnati. These stores will be equipped with digital shelving technology, personalized ads, video analytics and other technologies. * 10 A-Rated Stocks the Smart Money Is Piling Into Some of these technologies will be displayed on Jan. 13 at "NRF 2019: Retail's Big Show", a trade show hosted by the National Retail Federation. The deal should boost Kroger and Microsoft stock by enabling both companies to compete against Amazon (NASDAQ:AMZN). This is true as upgrading its technology will make Kroger more competitive against Amazon. Amazon has the grocery sector in its crosshairs, buying Whole Foods in 2017. Amazon opened its high-tech, automated grocery store, Amazon Go, to the public last year. Bloomberg reported in September that Amazon was considering opening 3,000 such stores by 2021. This could mean trouble for existing grocers such as KR. Kroger could also earn additional revenue from licensing out this technology to other grocery chains. The technology will be powered by MSFT's Azure (its cloud computing service). Microsoft Azure currently ranks second place in infrastructure-as-a-service (IaaS) cloud computing revenue. Azure is behind Amazon Web Services (AWS), and needs more revenue to catch up. Increased cloud computing revenue will boost Microsoft stock. ### Impact on Kroger Stock Retailers like Kroger are worried about competition from Amazon. They've seen what the e-commerce company has done to brick-and-mortar stores like Borders and Circuit City. Now, with next-generation Amazon Go technology, Amazon is threatening grocery stores. Kroger and other grocery stores will have to respond. With Amazon Go, shoppers do not take out cash or swipe a card when they check out. There is no checkout; you don't even need to wait in line. You only take your phone out once, to scan a QR code to identify yourself; this allows you to enter the store. Video cameras and sensors keep track of what you put in your bag. The cost is deducted from your Amazon account and you can just walk out. Shoppers don't like waiting in line, and this gives Amazon Go an edge over other grocery stores like Kroger. Amazon will also save money, since it won't need to pay cashiers. To compete against Amazon Go, Kroger will need to adopt similar technology. Kroger could also earn money by selling advertising space on its new digital shelves. Additionally, KR plans to license out this technology, which it calls "retail as a service", to other grocery stores. This could bring in additional revenue, which would boost KR stock. ### Impact on MSFT Stock Like Kroger, MSFT is also competing against Amazon, but in a different industry: cloud computing. According to Gartner, Amazon accounted for 51.8% of global IaaS cloud computing revenue in 2017. Microsoft was second place, with a 13.3% market share. However, Amazon's status as a retailer could discourage other stores from doing business with Amazon Web Services. This presents an opportunity for MSFT, as more cloud computing business could boost Microsoft stock. * 7 Pharmaceutical Stocks That Just Raised Prices This Year Kroger's chief information officer told CNBC in 2017 that the company would be avoiding AWS "for obvious reasons." Kroger doesn't want to fund a potential competitor. Instead, Kroger went with Amazon's rivals, MSFT and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Kroger isn't the only retailer shunning Amazon Web Services. Walmart (NYSE:WMT) told technology companies it works with to stop using AWS in 2017. In July, Walmart announced a partnership with MSFT. Walmart named Microsoft its "preferred and strategic cloud provider." Microsoft stock will benefit from this deal since KR's technology is built on MSFT Azure. And if Kroger can sell this to other grocery stores, MSFT will earn additional revenue. As of this writing, Lucas Hahn did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Will MSFT's Partnership With Kroger Drive Microsoft Stock Higher? appeared first on InvestorPlace.
- American City Business Journals•9 days ago
Small scoops, big deal: The surprising significance of quart-size Publix ice cream
The Lakeland-based grocer this week rolled out the quarts in standard flavors like Moose Tracks and strawberry, alongside limited edition flavors lemon sugar cookie, sticky bun and hula hula Macadamia (perfectly packaged for millennials, as it happens, in a millennial pink container with monstera leaves). Publix spokesman Brian West said Friday that the quarts began arriving in stores mid-week last week, and that they will be available in all stores. "Customers can try a variety of flavors without the commitment of buying an entire half gallon," West wrote in an email. "Our limited-edition ice creams include eight different flavors that will rotate throughout the year.” But the quarts' sweet, small nature belies their significance for Publix.
- Market Realist•12 days ago
What’s in the Offing for Target Stock?
Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## TGT is likely to sustain its momentum in 2019 Target Corporation (TGT) reported strong financials in the first three quarters of 2018, and we expect it to end 2018 on a strong note and post stellar comps and EPS growth. Target is also expected to sustain the growth momentum in its sales and earnings in 2019 led by the expansion of its digital offerings. However, its growth rate is expected to slow as it faces tough YoY (year-over-year) comps. Target’s top line is expected to increase led by growth in its comps. The company’s expansion of its fulfillment options, including delivery through Shipt, Drive Up, and Order Pickup, is expected to drive its traffic. Meanwhile, store remodelings and the opening of new stores are likely to support its comps growth, as these stores generate higher sales and productivity. Target’s focus on merchandising and exclusive product launches should also drive its sales. Target managed to stabilize its bottom line in the first three quarters of 2018. A considerable fall in its effective tax rate, lower interest expenses, and share repurchases supported Target’s bottom line. We expect Target’s bottom line to continue to increase in 2019 driven by improved comps and an anticipated fall in its per-unit digital fulfillment costs. Wall Street expects Target’s top line to increase 3.1% in 2019. Meanwhile, its bottom line is expected to increase 4%. ## Stock performance in 2019 Retail stocks had wiped out most of their gains as of the end of 2018. However, these retailers started 2019 on a positive note. Target stock is up 3.3% so far this year. Meanwhile, Costco (COST), Kroger (KR), and Walmart (WMT) stocks have risen 3.4%, 3.6%, and 1.9%, respectively. Continue to Next Part Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 3 - Why Target’s Digital Sales Could Grow at a Healthy Rate * Part 4 - What’s the Expected Upside in Target Stock?
- Motley Fool•12 days ago
Microsoft Could Help Kroger Counter Amazon’s Growth
The tech giant is upgrading Kroger’s technology and tethering its stores to the cloud.
- American City Business Journals•12 days ago
Lidl prepares to build at Triad site
The German supermarket chain has signed a construction deal to build a 39,300-square-foot store at The Shoppes at Sedgefield Crossing in Greensboro.
