KR - The Kroger Co.
24.43 0.00 (0.00%)
After hours: 4:31PM EDT
| Previous Close | 24.51 |
| Open | 24.51 |
| Bid | 24.36 x 1000 |
| Ask | 24.42 x 2900 |
| Day's Range | 24.33 - 24.63 |
| 52 Week Range | 20.70 - 31.98 |
| Volume | 3,879,947 |
| Avg. Volume | 9,435,187 |
| Market Cap | 19.584B |
| Beta (3Y Monthly) | 0.75 |
| PE Ratio (TTM) | 12.17 |
| EPS (TTM) | 2.01 |
| Earnings Date | Dec 4, 2019 - Dec 9, 2019 |
| Forward Dividend & Yield | 0.64 (2.61%) |
| Ex-Dividend Date | 2019-08-14 |
| 1y Target Est | 27.48 |
- Yahoo Finance Video
Health savings accounts provide benefits, tax advantages
Rising health costs have become a burden for many Americans, but many people still may be unaware of one benefit they get, the health savings account. Personal finance expert Jean Chatzky joins Yahoo Finance to discuss the benefits of HSAs.
- Yahoo Finance Video
New bill would cap nicotine level in e-cigarettes
Democratic Congressman Raja Krishnamoorthi (D-IL) is introducing a bill that would cap the amount of nicotine in e-cigarettes. This comes as NYU researchers published a study that links e-cigarettes to increased rates of cancer in mice. Yahoo Finance's Jessica Smith, Zack Guzman & Heidi Chung, along with Vivino Founder Heini Zachariassen discuss.
- Yahoo Finance Video
New bill aims to cap nicotine levels in e-cigs
Legislators in Washington are proposing new legislation that would cap the nicotine levels in e-cigarettes. The bill comes after a wave of vaping-related illnesses and deaths, which has prompted stores to remove vapes and e-cigarettes from their shelves.
- Benzinga
Tosca To Acquire Reusable Packaging Provider Polymer Logistics
Reusable packaging and supply chain solutions provider Tosca is acquiring Polymer Logistics, a Netherlands-based company specializing in reusable packaging (RPC) and retail merchandising systems. Apax Partners, which acquired Tosca in 2017, will provide additional capital to facilitate the transaction. Founded in 1994, Polymer Logistics provides retail ready packaging systems and technologies.
- American City Business Journals
Kroger standardizes date labels to cut waste
Kroger Co. will standardize and simplify the date labels on its store-brand products in a move aimed at reducing food waste.
- PR Newswire
Kroger to Standardize Our Brands Date Labels to Reduce Household Food Waste
CINCINNATI, Oct. 16, 2019 /PRNewswire/ -- The Kroger Co. (KR) announced today its plan to standardize date labels for Our Brands food products, providing simpler, easier-to-understand product quality and safety information as part of its Zero Hunger | Zero Waste social impact commitment. "Kroger recognizes food waste often takes place in our customers' kitchens simply because product date labels can be confusing, resulting in safe-to-eat food regularly being tossed out," said Howard Popoola, Kroger's vice president of corporate food technology and regulatory compliance.
- Bloomberg
Amazon’s Deliveroo Deal Faces Review From U.K. Watchdog
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The U.K. competition regulator has started a review into Amazon.com Inc.’s bid to buy a slice of fast-growing food delivery startup Deliveroo, adding to the e-tailing giant’s antitrust woes around the globe.The Competition and Markets Authority said on its website Wednesday it’s investigating the purchase of rights and a minority shareholding in Roofoods Ltd., which does business under the Deliveroo brand. The first phase will wrap up by Dec. 11, it said.The investigation comes after the regulator said in July it had “reasonable grounds” to believe Amazon and Deliveroo, which operates a fleet of smartphone-navigated scooters and bicycles to deliver food from local restaurants, had either ceased to be separate operations or were close to merging. While CMA reviews into mergers are relatively common, it’s unusual for the regulator to examine acquisitions of minority stakes.A spokesman for Amazon declined to comment, while a representative for Deliveroo didn’t immediately return a message inquiring about the review.U.S. Democratic presidential contender Elizabeth Warren on Tuesday called out Amazon for running an online marketplace and competing with third-party sellers on the platform as the European Union’s competition czar investigates whether the company is shortchanging smaller merchants in that dual role. Amazon also faces separate antitrust scrutiny from the U.S. Federal Trade Commission and Justice Department.Cash InjectionIn May, Amazon said it would invest in a $575 million funding round to help the London-based startup expand its technology team and network after closing down its own food delivery business in the capital last year. U.K. food delivery has become fiercely competitive, and Deliveroo’s rivals include Just Eat Plc and Uber Technologies Inc.That rivalry has driven acquisition talk across the industry. Just Eat and Takeaway.com NV agreed in July to a 5 billion-pound ($6.4 billion) combination, less than six months after Takeaway.com spent about $1 billion for the German operations of rival Delivery Hero SE. Spanish food delivery startup Glovo has also drawn preliminary interest from Uber and Deliveroo in recent months, people familiar with the matter said previously.Deliveroo said this month that while global sales from its food-delivery business had increased 72% in 2018, profitability remained elusive. The company said it lost 232 million pounds last year compared to 199 million pounds a year earlier.Amazon has signaled its growing ambitions in the U.K. grocery market with Prime Now, which delivers in major British cities within two hours. It faces stiff domestic competition from the likes of Ocado Group Plc, an online grocery pioneer that licenses its technology to the likes of Kroger Co. and aims to halve the Prime Now delivery time with a service called Zoom.(Adds Amazon’s response in fourth paragraph, background on acquisitions from sixth paragraph)\--With assistance from Stephanie Bodoni.To contact the reporters on this story: Hugo Miller in Geneva at hugomiller@bloomberg.net;Christopher Elser in London at celser@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy Thomson, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Will Lidl follow through on plans for Burlington store?
Is Lidl coming to Burlington? "That's a great question," Peter Bishop, Burlington's economic development director, responded Tuesday to the question from Triad Business Journal. According to Bishop, Austin Wilson, the Greenville, South Carolina developer of Midtowne Park, a 15,500-square-foot building with storefronts marketed as part of a "Lidl-anchored shopping center" at the corner of University Drive and Rural Retreat Road, is waiting for answers, too.
- American City Business Journals
Kroger adds restaurants made famous on M*A*S*H to two stores
A Toledo company whose restaurants were made famous by the hit TV series M*A*S*H has reached a deal to open two restaurants in Kroger Co. stores.
- Zacks
Kroger (KR) Down 5.2% Since Last Earnings Report: Can It Rebound?
Kroger (KR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Bloomberg
Uber Scrambles Into Groceries With Cornershop. Why?
(Bloomberg Opinion) -- But why?That’s the question I keep asking as Uber Technologies Inc. makes the case that driving people around cities gives it a leg up on moving physical goods from place to place — restaurant food, freight by truck and groceries.Uber on Friday expanded those efforts by agreeing to buy a majority of Cornershop, which helps supermarkets, pharmacies and food retailers deliver their goods. It had operated mostly in Mexico and Chile before a recent expansion. Walmart Inc. agreed last year to buy Cornershop for $225 million, but Mexican regulators blocked the deal. Uber didn’t disclose its purchase price. Uber’s pitch is that having drivers drop people at work or transport them on date nights gives it an opportunity to also deliver burritos, bananas or movie theater popcorn to people’s homes. (That last one is a real thing, somehow.) Executives have said that restaurant delivery and experiments with other categories such as groceries give Uber couriers more work, particularly outside of the peak demand for car rides. This all sounds nice, until you think about it for more than five seconds.Every time Uber wants to enter a new delivery or logistics category, it needs to strike relationships with a new class of companies. Restaurants are a finicky bunch, and so are grocery store chains or companies that want to ship goods by truck.I have been stunned that Uber executives aren’t pressed to justify the strategic and financial efficiencies among their various businesses. On the consumer side of the equation, I may be more likely to order Uber Eats for dinner or grocery staples if I am used to taking an Uber car ride. But it’s not clear there is overlap on the supply side among ersatz taxi drivers, restaurants, grocery stores and other retailers. Does Uber’s expertise in matching drivers with riders really help the company build or hook into point-of-sale systems for restaurant orders and make sure owners get the support they need? Can it help a grocery store with inventory management, staffing changes or other complexities when adding home delivery to a conventional physical store? Cornershop’s built-up experience in that area won’t go away, but neither is it clear whether Uber’s ownership will help.Nor has Uber ever said whether the people driving passengers around are the same ones picking up restaurant orders or groceries for delivery. For one thing, in many big cities — including many of the ones that Cornershop serves — deliveries of food or groceries are done by motorbike or bicycle because that’s more efficient in traffic-clogged areas. Is that courier on a scooter delivering a sack of bread and milk in Mexico City one minute and then taking someone to the airport the next?And it is difficult to imagine how the particulars of Uber’s model will ever make for an efficient grocery delivery operation compared with what more specialized players will offer. Compare it, for example, with Ocado Group Plc, the British company that has been an early innovator in this space and will soon deploy its technology in the U.S. through a partnership with grocery behemoth Kroger Co.Ocado’s delivery vans are designed for ferrying fresh food efficiently. Vehicles have separate compartments for items that must be kept chilled. Totes are loaded into them in a specific order based on the driver’s route. The heaviest totes are placed in the middle racks within the van, making it easier for the driver to unload than if they had to be pulled down from a high shelf or hoisted off the floor.It defies logic that a fleet of contract workers at the helm of wildly different vehicles will be able to deliver grocery orders as productively. And that matters enormously for the profitability of these orders.The big conundrum for Uber is it must keep expanding, even if it doesn’t work. Growth has significantly slowed in Uber’s core business of rides on demand, which makes it essential for the company to find fresh, higher-growth businesses. (That may explain why Uber shares are trading higher on the Cornershop news.) This was also a company predicated on having a global reach and for which car rides were billed as the start of a sprawling empire to move people or goods in every imaginable way.Sprawl, growth and ambition are how Uber could justify a rapidly increasing valuation up to what investment bankers pitched as a possible valuation of $120 billion in an initial public offering. To put it mildly, Uber has not delivered. The share price has fallen about 33% since the IPO in May, and the stock is even below the level at which Uber sold shares in private transactions nearly five years ago. Ouch. The company has become a poster child for overinflated tech startups.A big reason Uber has been a flop for investors is the company has not made an effective case for its financial viability — even in its most established category of car rides. So it’s odd that Uber would make forays into additional logistically tricky and financially uncertain categories such as groceries without having a better story to tell. \--With assistance from Sarah Halzack.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Insider Monkey
Hedge Funds Are Buying The Kroger Co. (KR)
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
- Market Realist
Kroger Stock Downgraded, Lags Walmart and Target
On Thursday, Jefferies downgraded Kroger (KR) stock to “hold” from “buy” and lowered the target price to $26 from $29.
- American City Business Journals
Kroger analyst: ‘We’re checking out’
An analyst who tracks Kroger Co. has downgraded the stock, saying his firm is “checking out” of the company amid waning confidence in its strategy.
- Barrons.com
Kroger Stock Is Down After Worries About ‘Management’s Ability to Effectively Communicate’ Resulted in a Downgrade
Jefferies’ Christopher Mandeville cited declining confidence in the chain’s “long-term grocery strategy and management’s ability to effectively communicate.”
- MarketWatch
Kroger downgraded with analysts calling the grocer's 'costly' tech investment a 'misstep'
Kroger Co. was downgraded to hold from buy at Jefferies, with analysts expressing diminished confidence in the grocer's ability to turn its partnership with Ocado Group PLC into growth. In May 2018, the two companies announced that Kroger had taken a 5% stake in Ocado through a $247 million stock purchase. The technology deal includes automated warehouses and other measures. Jefferies analysts say the tie-up has been "costly" and "risky," that pricing versus Kroger's grocery competitor Walmart Inc. hasn't improved, and there are no drivers for same-store progress in fiscal 2020. Jefferies said the deal "is a poor and significant long-term capital allocation misstep when compared to micro-fulfillment." Jefferies lowered its price target to $26 from $29. "Chances of a meaningful resurgence in same-store sales are slim given management's inability to effectively articulate a sound strategy to revive its core biz and our belief that superior retailers like Walmart will continue to realize outsized share gains," the note said. Kroger stock is down 1.8% in Thursday premarket trading, and down 10.8% for the year to date. The S&P 500 index has gained 16.5% for 2019 so far.
- Zacks
The Zacks Analyst Blog Highlights: Kroger, Walmart, Rite Aid, Altria and Phillip Morris
The Zacks Analyst Blog Highlights: Kroger, Walmart, Rite Aid, Altria and Phillip Morris
- GuruFocus.com
3 Defensive Retail Companies to Consider as US Producer Prices Decline
Stocks are trading below Peter Lynch value and have good business predictability Continue reading...
- American City Business Journals
Grocery giant bringing 360K-SF distribution center, 400 jobs to southern Dallas
Cincinnati-based grocery store chain The Kroger Co. (NYSE: KR) has closed on a 56-acre plot of land in southern Dallas where it intends to build a 360,000-square-foot distribution center and bring 400 jobs, the company confirmed Tuesday. Kroger closed on the property near the northwest corner of Telephone and Bonnie View Roads, which it bought from a joint venture between Atlanta-based Ridgeline Property Group and Houston-based Archway Properties. JLL’s Terry Darrow, Elizabeth Jones, Forshey Hoobler and Brian Leonard represented Kroger, while CBRE’s Nathan Lawrence and Krista Raymond represented the seller.
- Zacks
What's Next for Altria (MO) Stock After Kroger (KR), Walmart (WMT), and Other Retailers Abandon E-Cigarette Sales?
Supermarket giant Kroger (KR) became the latest retailer to discontinue the sale of electronic cigarettes amid regulatory scrutiny.
- Yahoo Finance
Companies to Watch: Major problem for Harley-Davidson, Oracle adds 2K jobs, more retailers drop vaping products
Harley-Davidson, Oracle, Walgreens, Kroger, PG&E and Activision Blizzard are the companies to watch.
- Zacks
Target Keeps Upgrading to Cope With Changing Retail Dynamics
Target's (TGT) initiatives such as the development of omni-channel capacities, diversification and localization of assortments, and emphasis on flexible format stores bode well.
- Zacks
Walgreens Inks Retail Health Collaboration Deal With Novant
This collaboration is in line with Walgreens' (WBA) commitment toward providing affordable and convenient healthcare facilities to residents of North Carolina.
