KR - The Kroger Co.
| Previous Close | 24.62 |
| Open | 24.66 |
| Bid | 24.16 x 4000 |
| Ask | 24.44 x 900 |
| Day's Range | 24.18 - 24.94 |
| 52 Week Range | 22.44 - 32.74 |
| Volume | 7,361,574 |
| Avg. Volume | 7,646,207 |
| Market Cap | 19.37B |
| Beta (3Y Monthly) | 0.95 |
| PE Ratio (TTM) | 6.45 |
| EPS (TTM) | 3.76 |
| Earnings Date | Jun 20, 2019 |
| Forward Dividend & Yield | 0.56 (2.46%) |
| Ex-Dividend Date | 2019-05-14 |
| 1y Target Est | 28.09 |
- Zacks•yesterday
Buy Kroger (KR) Stock Before Q1 Earnings as Amazon-Inspired Grocery Delivery Expands?
Overall, the first quarter has been relatively strong for retailers, so let's look at what investors should expect from Kroger to see if they should consider buying KR stock heading into its Q1 earnings release.
- InvestorPlace•yesterday
3 Earnings Reports to Watch Next Week
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.U.S. equity markets are climbing again. After weakness in May, broad market indices have rallied in June -- for reasons that aren't obvious. Earnings reports haven't been much of a driver; the earnings calendar has been light. External factors still seem somewhat bearish.It may be that fears of a trade war are being balanced by hopes for another Fed rate cut. The May sell-off may have been enough to entice investors. With Treasury yields plunging and overseas risks rising, it may be that investors simply see nowhere else to find returns.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor now, at least, investors seem willing to stick with U.S. equities. With a month to go until earnings season kicks in again, it remains to be seen whether that will remain the case.In the meantime, there are some interesting earnings reports to watch next week -- even if the calendar remains too light to move the entire market. A tech giant will try to prove its turnaround is underway. A cannabis leader will try to jumpstart a sector that has struggled in recent months. And one of the nation's most important retailers should give clues as to the health of the U.S. consumer. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Investor eyes likely will stay on politics next week, but savvy investors should keep a close eye on these earnings reports as well, even if they may not make headlines. Earnings Reports to Watch: Oracle (ORCL)Source: Shutterstock Earnings Report Date: Wednesday, June 19, after market closeSimply put, recent earnings from Oracle (NYSE:ORCL) haven't been good enough. Oracle actually has beaten expectations in the last two quarters, but revenue declined year-over-year in each period. The company's long-awaited shift to the cloud hasn't played out.Given that, ORCL stock actually has held up reasonably well, touching an all-time high earlier this year. But investor patience might be running out. I asked over a year ago whether Oracle was the next Microsoft (NASDAQ:MSFT) -- a tech giant ready to reclaim former glory -- or the next IBM (NYSE:IBM), unable to quite keep pace with the technological change around it.Oracle still hasn't answered that question, but it gets another chance on Wednesday afternoon. A big fiscal-fourth-quarter report, including some level of revenue growth, might stoke optimism and allow ORCL to reclaim those all-time highs. Anything less at a time when cloud demand should be soaring, and investors might get sick of waiting for Oracle to show progress on its turnaround. Kroger (KR)Source: Shutterstock Earnings Report Date: Thursday, June 20, before market openGrocery stores, including Kroger (NYSE:KR), plunged two years ago when Amazon.com (NASDAQ:AMZN) acquired Whole Foods Market. That deal perhaps hasn't been as transformative as some thought it might be - but since then, sentiment toward grocery stocks has appeared muted. KR stock did manage to rally from late 2017 lows -- but a 10% decline so far this year has the stock back where it traded two years ago.But what the Amazon-Whole Foods deal obscured was the fact that Kroger itself had sent the industry reeling just the day before. A disastrous fiscal Q1 report sent KR shares tumbling 18% and brought other grocery stocks down with it. As that report showed, Kroger earnings can impact its peers and even its competitors.For both Kroger and the grocery sector, Q1 FY20 results seem particularly important. Kroger reported more margin pressure with its fiscal Q4 report in March. Walmart (NYSE:WMT), Costco Wholesale (NASDAQ:COST) and even Target (NYSE:TGT) continue to show strength. A second straight miss -- particularly if accompanied by more margin pressure -- will suggest that Kroger is struggling to compete. That in turn suggests that smaller chains like Weis Markets (NYSE:WMK) and Ingles Markets (NASDAQ:IMKTA) may have their own problems going forward. * 7 High-Quality Cheap Stocks to Buy With $10 With those stocks all selling off of late, expectations for Kroger earnings likely are low. But the company will need to at least meet those expectations -- or else investors might start questioning not just KR stock, but the entire sector. Canopy Growth (CGC)Source: Shutterstock Earnings Report Date: Thursday, June 20, after market closeAfter a big rally to start 2019, shares of cannabis play Canopy Growth (NYSE:CGC) have drifted mostly downward. That includes a 20%+ decline from late April highs. Other major pot plays have seen similar trends. With growth slowing in the Canadian recreational market, and no other significant catalyst on the horizon, the optimism surrounding cannabis stocks at least seems to have moderated.We'll see if Canopy Growth -- the most valuable direct cannabis play out there -- can resurrect some of that optimism on Thursday afternoon. Certainly, Canopy earnings are likely to move the entire sector.And in the context of recent reports, Canopy is carrying a lot of weight. Aurora Cannabis (NYSE:ACB) missed revenue estimates in its fiscal Q3 last month. Cronos (NASDAQ:CRON) earnings were underwhelming.The sector clearly needs some good news. At the moment, it looks like it's up to Canopy Growth to provide it.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
- Zacks•yesterday
Target (TGT) Hikes Dividend: Here's What Else You Should Know
Target (TGT) gives investors a reason to cheer by boosting its dividend payout. However, you ought to know a few things apart from the dividend hike.
- American City Business Journals•yesterday
Kroger CEO details digital growth, enormous cost savings
Kroger Co.’s digital sales soared 58% last year and are skyrocketing again this year, its CEO said this week in a letter to shareholders.
- Zacks•2 days ago
Kroger (KR) Reports Next Week: What to Expect
Kroger (KR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Yahoo Finance•2 days ago
How My/Mo is taking a centuries-old treat into the 21st century
My/Mo Mochi Ice Cream CMO Russell Barnett joined The Final Round on Yahoo Finance to discuss how he's using modern marketing to bring this 109 year old treat to the masses.
- InvestorPlace•2 days ago
CBD Products May Offer the Competitive Edge to Move Kroger Stock Higher
Shares of Kroger (NYSE:KR) have been struggling over the longer term, but have seen a boost over the past few weeks. Coming off a late-May low of $22.44, we've seen a quick 10% rally in Kroger stock.Source: Shutterstock There are a number of concerns tied to Kroger at this point, most of which all point to growth. Essentially, there are concerns about whether the company keep up with not only ecommerce pressures like Amazon (NASDAQ:AMZN), but also bricks-and-mortar competition like Walmart (NYSE:WMT), Costco Wholesale (NASDAQ:COST), Target (NYSE:TGT) and again, apparently Amazon in the future.Further, with inflation remaining stubbornly low, Kroger loses pricing power, which stifles revenue growth. The grocery game is a tough business, despite everyone needing to eat. That said, maybe Kroger can get its growth from somewhere new: Cannabis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 Kroger Stock and CBD ProductsWhen you can't find growth from traditional outlets, it's time to find new ways to generate sales. That becomes even more important when it involves products that consumers are interested in.As a result, Kroger will reportedly start selling CBD products in its stores. Keep in mind, Kroger is no small operator. The country's largest grocery chain now plans to sell CBD lotions and balms in its 945 stores across 17 U.S. states.The company joins CVS Health (NYSE:CVS) as retailers begin to embrace CBD and cannabis products. That's interesting for CVS, given that the company stopped selling cigarettes a few years back.In any regard, CVS, Kroger and other retailers are seeing that there are health and pain-management benefits to these types of products. Management is also recognizing that demand and discussion around these products from their customers are heating up, and therefore it makes sense to carry them in the stores.While there are still regulatory concerns about CBD products as cannabis is not legal at the federal level it's clear that we're moving toward a more welcoming environment. Should that trend continue, more retailers like Kroger and CVS will likely embrace the products too.It's also more likely that big consumer brands will partner with cannabis players like Canopy Growth (NYSE:CGC), New Age Beverages (NASDAQ:NBEV), Cronos Group (NYSE:CRON), etc. to create and market new products together.That may be another boost for Kroger stock down the line. Trading Kroger Stock Click to EnlargeThe question ultimately boils down to whether selling CBD products will help KR stock. The answer in the short term is, probably not. At least from a fundamental perspective.If Kroger were to perform a quick rollout to all of its 900+ stores, it's possible we would see a flood of demand. But until it becomes more than just lotions and balms, the effect will likely be limited on its top and bottom line.That's not so much due to a lack of demand from consumers, but more because KR is already forecast to generate $123 billion in sales this year.Estimates call for a 1.6% revenue boost in 2019 and a 2.7% increase in 2020 to $126.4 billion. Perhaps that 2020 number can inch higher if Kroger really kicks CBD sales into high gear.As for the charts, KR stock is trying with all its might to stay above the 50-day moving average and the 10-week moving average near $24.50. If it can, perhaps Kroger stock can make a push north of $25 and potentially send it back to the Q2 highs near $26. Just above is the 61.8% one-year retracement at $26.19.This $26 to $27 area has been significant for a number of years, as the chart above shows. While Kroger stock would still face an uphill challenge, clearing this level would be an important hurdle for the bulls.On the downside, losing the 20-week moving average likely puts $24 back on the table. If this level fails to buoy KR stock, then a retest of $22.50 and channel support is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post CBD Products May Offer the Competitive Edge to Move Kroger Stock Higher appeared first on InvestorPlace.
- Motley Fool•2 days ago
This National Grocery Chain Will Carry CBD in 17 States
With more than 2,700 branded locations nationwide, this grocer plans to introduce topical CBD products in a third of all states.
- Zacks•3 days ago
Amazon Boosts Cashierless Initiatives With 2nd New York Store
The opening of second Amazon Go store in New York is likely to strengthen Amazon's (AMZN) expansion strategy.
- American City Business Journals•3 days ago
Kroger, Ocado break ground on $55M Monroe 'historic' automated warehouse
Kroger Co. officials joined executives from British online grocery retailer Ocado in breaking ground Wednesday morning in Monroe on what Kroger group vice president of corporate affairs Jessica Adelman called a “truly historic, first-of-its-kind” automated warehouse facility.
- PR Newswire•3 days ago
Kroger and Ocado Break Ground on America's First High-Tech Customer Fulfillment Center
CINCINNATI, June 12, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Ocado (OCDO.L), one of the world's largest dedicated online grocery retailers, today broke ground on America's first customer fulfillment center (CFC). "Kroger is incredibly excited to reach this meaningful milestone in our Restock Kroger vision to serve America through food inspiration and uplift," said Rodney McMullen, Kroger's chairman and CEO.
- Benzinga•3 days ago
CV Sciences Announces Supplier Deal With Kroger, Expands Topical Offerings
CV Sciences Inc (OTC: CVSI ) announced it has expanded the presence of its CBD oil with Kroger Co. (NYSE: KR ). The announcement comes days after Kroger said it will start offering CBD products across ...
- American City Business Journals•3 days ago
Kroger expanding wellness festival to another city
Kroger will stage its second annual health and wellness festival in downtown Cincinnati this fall, and the concept is being expanded to another city.
- Moody's•3 days ago
Kroger Co. (The) -- Moody's announces completion of a periodic review of ratings of Kroger Co. (The)
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kroger Co. (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- GlobeNewswire•3 days ago
CV Sciences, Inc. Announces New Distribution With Kroger and Expands Its Offering of Topical Products
PlusCBD™ Oil Roll-On Launch at 945 Kroger Stores in 17 U.S. States LAS VEGAS, June 12, 2019 -- CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or.
- Zacks•3 days ago
The Zacks Analyst Blog Highlights: Ocado, Kroger, Amazon and Alphabet
The Zacks Analyst Blog Highlights: Ocado, Kroger, Amazon and Alphabet
- American City Business Journals•3 days ago
These Cincinnati CEOs are paid the most compared with average worker: SLIDESHOW
Half of Cincinnati public company CEOs’ 2018 pay was at least 100 times that of their companies’ average worker. That’s one of the key findings in a Courier analysis of CEO pay for fiscal 2018.
- Reuters•4 days ago
Kroger to start selling cannabis-based products
- Yahoo Finance•4 days ago
Why Amazon still doesn't have 1000 Whole Foods stores
Amazon has taken a methodical approach to expanding Whole Foods stores across the U.S.
- InvestorPlace•4 days ago
Which Kroger Stores Will Carry CBD Products?
Which Kroger (NYSE:KR) stores will carry CBD products?The business recently announced that it will begin selling a number of CBD products, which are derived from hemp but contain no THC, meaning that these items won't give you the psychoactive effect -- or "high" -- that marijuana would. The items included in these stores will include a variety of topical products such as lotions, balms oils and creams.Kroger announced that stores in 17 states will include CBD products for sale, including the following:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Arizona * Arkansas * Colorado * Illinois * Indiana * Kansas * Kentucky * Michigan * Missouri * Nevada * Oregon * S. Carolina * Tennessee * W.Virginia * Washington * Wisconsin * WyomingKroger said that the prices of these items will vary from $3.99 to $59.99, although the brand names behind such items have not been unveiled yet. "Like many retailers, we are offering our customers a highly-curated selection of topical products like lotions, balms, oils and creams that are infused with hemp-derived CBD," Erin Rolfes with Kroger's Cincinnati division said."CBD is a naturally-occurring and non-intoxicating compound that has promising benefits and is permitted within federal and state regulations," he added. "Our limited selection of hemp-derived CBD topical products is from suppliers that have been reviewed for quality and safety. "While the U.S. Agricultural Department regulates industrial hemp production, the Food and Drug Administration (FDA) still does not recognize CBD as a "safe" ingredient.KR stock is surging roughly 0.7% today following the news. More From InvestorPlace * 7 Dark Horse Stocks Winning the Race in 2019 * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 7 Stocks to Buy As They Hit 52-Week Lows Compare Brokers The post Which Kroger Stores Will Carry CBD Products? appeared first on InvestorPlace.
- American City Business Journals•4 days ago
Kroger in ‘make-or-break’ period, analyst says
Kroger Co.’s stock has been on a bit of a run this month, but one analyst calls the current period “make or break.”
- InvestorPlace•4 days ago
The Kroger Stock Price Doesn’t Reflect Its True Worth
Everyone hates Kroger (NYSE:KR). This is a company with over $120 billion in sales and a market cap of under $20 billion. That's a price to earnings ratio of 6.5, half that of Ford Motor (NYSE:F). The dividend today yields 2.4%, against 2.16% for the U.S. 10-year bond.Source: Shutterstock What market watchers want to talk about is the dance among Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN) and Costco Wholesale (NASDAQ:COST) that currently defines U.S. retailing. Kroger's grocery stores and (worse) department stores are thought to be stodgy, staid and old-fashioned. But Kroger is the fourth largest retailer in the U.S., and it's not going away.Kroger hasn't been passive. Kroger does curbside delivery just like Walmart. Kroger has house brands just like Amazon. Kroger will sell you vast quantities just like Costco. Kroger also has upscale markets filled with prepared foods like Amazon's Whole Foods.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Kroger Stock Partners With OcadoKroger also has something those other companies don't have -- an alliance with Ocado (OTCMKTS:OCDGF).Ocado isn't huge. Its annual sales are about $2 billion and its market cap around $8 billion. Ocado is all about making internet retailing profitable, and its automated warehouses make those of Amazon look primitive. * 7 Dark Horse Stocks Winning the Race in 2019 Kroger signed its alliance with Ocado a year ago and has already built one of its warehouses near Kroger's home office in Cincinnati, with plans to build two more in Florida and the mid-Atlantic region, both hot for grocery delivery. Each warehouse or "shed" costs about $55 million, about half the cost of a Costco store, and 20 are in the planning stages.Kroger is also working with Microsoft (NASDAQ:MSFT) on a new system that brings promotions right to the store shelf and does inventory through the cloud, meaning it can also get advertising revenue from the brands it stocks. They're launching a fleet of unmanned delivery vehicles. Progressive Grocer named Kroger its "retailer of the year" for 2018. Wait, There's MoreKroger has long produced much of its own product and run its own house brands. Through Ocado, that may also mean growing its own fruits and vegetables, using "vertical farms" the British company has just put $20 million into. Ocado has invested in a company that already does this profitably with herbs. It has a joint venture with other vertical farmers, including U.S.-based 80 Acres, to do the same thing with other produce.A lot of Kroger's leading-edge work involves pilot projects, or one-offs. The whole Kroger ecosystem, which operates under 17 different store labels including Dillon's, Fred Meyer, King Soopers and Ralphs, as well as Kroger (don't get me started on that) isn't being transformed all at once.But it is being transformed. Kroger isn't falling behind in the retail technology arms race. It's just going about things in a different, quieter way. The Bottom Line on KR StockSadly, no one seems to care.Kroger had net income of about $3 billion last year while Walmart had net income of $7 billion. Amazon basically broke even on retailing last year, its $10 billion in profit coming from its cloud and Prime Memberships.It is useless to write that a company "should" be worth more when it consistently isn't. Kroger had a vogue in 2015 when it traded near $40 per share, but for the last two years it's been in a trading range of $20-$30. It was trading at $24.40 early on June 11.I keep hoping Kroger would be more open about its ambitions, unify operations under a single Kroger brand and go toe-to-toe with its larger rivals.Until then, they're a defensive play with an affordable dividend. Just watch this space.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , 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 AMZN, MSFT and KR. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post The Kroger Stock Price Doesn't Reflect Its True Worth appeared first on InvestorPlace.
- Zacks•4 days ago
Global Firms Betting Big on Nascent Vertical Farming Industry
The sheer benefits of growing plants and vegetables virtually at any place, devoid of any location, climate, seasonal conditions, and weather advantage, with lesser space and water make this innovative concept a runaway hit.
- Yahoo Finance Video•2 days ago
CV Sciences CEO: expect 'more announcements' following partnership with Kroger
CV Sciences CEO Joe Dowling discusses his company's partnership with Kroger to sell its products in nearly a thousand stores across 17 states in the United States. He joins Yahoo FInance's Zack Guzman and Kristin Myers, along with Mike Murphy, ‘Quartz’ Tech Editor.
