|Bid||37.17 x 3000|
|Ask||37.16 x 3000|
|Day's Range||37.09 - 37.39|
|52 Week Range||30.35 - 42.99|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||11.35|
|Earnings Date||Jun 16, 2021 - Jun 21, 2021|
|Forward Dividend & Yield||0.72 (1.94%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||35.96|
Kroger (NYSE: KR) has now gone live with a revved-up bid to take on Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), and other fierce competitors in the fast-growing online grocery delivery business. The company's new service relies on robots doing their thing in highly automated warehouses, beginning with a 375,000-square-foot facility that already has soft-launched about 30 miles north of Kroger's Cincinnati headquarters, and on Kroger employees doing the deliveries themselves. "It's another piece -- a critical piece -- to serving our customers anywhere they want, whenever they want," Kroger CEO Rodney McMullen says in an article posted today by The Enquirer after he gave the hometown newspaper a tour of the facility.
It is one of the country's biggest grocers, and has seen earnings balloon in the age of Covid-19. So is Kroger stock a buy right now?
Kroger Co. (KR)launched its newest hi-tech fulfillment center on Tuesday, the first facility in the U.S. powered by Ocado Group PLC, a U.K.-based robotics and software company. The Monroe facility will have seven modules, each with the ability to handle between $80 million and $100 million in sales annually, according to Kroger. Temperature-controlled Kroger Delivery vans can hold up to 20 orders.