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The Kroger Co Add to portfolio

INX:KR, Apr 26, 04:24 UTC

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Saturday, April 06


News

Kroger Co (KR) Position Trimmed by Deutsche Bank AG – Highlight Press

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Deutsche Bank AG lowered its stake in Kroger Co (NYSE:KR) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Deane Retirement Strategies Inc. now owns 51,516 shares of the company’s stock valued at $1,417,000 after buying an additional 392 shares during the period. In related news, Director Robert D. Beyer sold 80,000 shares of Kroger stock in a transaction dated Tuesday, March 19th. Zacks Investment Research raised Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 5th.

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Tuesday, April 02


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The Kroger Co (KR) Files 10-K for the Fiscal Year Ended on January 31, 2019

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Its coverage includes retail food and drug stores, multi-department stores, jewelry stores and convenience stores. The dividend yield of The Kroger Co stocks is 2.32%. GuruFocus rated The Kroger Co the business predictability rank of 5-star. For the last quarter The Kroger Co reported a revenue of $28.1 billion, compared with the revenue of $31 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $121.2 billion, a decrease of 1.2% from the previous year. For the last five years The Kroger Co had an average revenue growth rate of 4.3% a year. Director Robert D Beyer sold 80,000 shares of KR stock on 03/19/2019 at the average price of $24.52.

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Tuesday, March 19


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Kroger to sell Turkey Hill business to PE firm Peak Rock

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Kroger to sell Turkey Hill business to PE firm Peak Rock. ReutersMarch 19, 2019, 8:15 PM GMT. March 19 (Reuters) - U.S. supermarket chain Kroger Co said on Tuesday it would sell its Turkey Hill business to an affiliate of private equity firm Peak Rock Capital. Kroger in August said it was exploring alternatives for the business, including a sale. Turkey Hill, which has nearly 800 workers, produces milk, ice creams, frozen dairy treats, iced teas and fruit drinks. Kroger did not disclose the financial details of the deal. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shailesh Kuber). What to read next.

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Thursday, March 14


News

Wells Fargo Comes Away Disappointed From Kroger's Management Meeting

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Wells Fargo Comes Away Disappointed From Kroger's Management Meeting. Kroger Co (NYSE: KR) hosted a meeting Wednesday to introduce new CFO Gary Millerchip. While the company did address some concerns, there continues to be a lack of clarity into the reasons for the grocery chain's poor fourth-quarter performance and why management expects a positive inflection in 2019, according to Wells Fargo. Kroger told analysts that the fourth quarter was impacted by several onetime factors, including supply chain investment headwinds, incentive comp and vacation accruals as well as a lower LIFO credit, Kelly said in a Wednesday note. Kroger’s stock will appreciate significantly if management is able to just achieve the guidance, the analyst said, adding that visibility remains low, with a need for supermarket IDs to improve and gross margin that's likely to contract further.

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Tuesday, March 12


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Amazon, Costco Make Cramer's Shopping List — And Kroger's Crossed Off

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Amazon, Costco Make Cramer's Shopping List — And Kroger's Crossed Off. Amazon.com, Inc. (NASDAQ: AMZN)'s continued push into the grocery space will result in Kroger Co (NYSE: KR) being its "punching bag," CNBC's Jim Cramer said during his daily "Mad Money" show Monday. The Wall Street Journal reported in early March that Amazon is looking to create a network of urban grocery stores that would sell food along with other goods like beauty products. But Cramer said his research suggests Amazon's expansion will be "much more significant" than initially reported and will happen "probably sooner rather than later." Amazon already has exposure to the grocery market through its acquisition of Whole Foods, but any new stores and concepts will be the "icing on the cake," Cramer said.

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Friday, March 08


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Kroger Company (The) (KR) Moves Lower on Volume Spike for March 08

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Considering that the stock averages only a daily volume of 8.23 million shares a day over the last month, this represents a pretty significant bump in volume over the norm. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. Kroger is a top-two grocer in 46 of the 52 major markets in which it operates along with 54 of its 73 secondary markets (as of the end of fiscal 2017, according to IRI data). Headquartered in Cincinnati, OH, Kroger Company (The) has 449,000 employees and is currently under the leadership of CEO . For a complete fundamental analysis analysis of Kroger Company (The), check out Equities.com’s Stock Valuation Analysis report for KR.

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Kroger Analyst Roundup: Credit Suisse Says To Buy Grocer's Stock Ahead Of 'Hockey Stick' Recovery

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Kroger Analyst Roundup: Credit Suisse Says To Buy Grocer's Stock Ahead Of 'Hockey Stick' Recovery. Grocery store retailer Kroger Co (NYSE: KR) reported Thursday with disappointing fourth-quarter results, which prompted a sell-off in the stock that carried over to Friday. Bank of America Merrill Lynch's Robert Ohmes maintains a Buy rating on Kroger with an unchanged $37 price target. Kroger's 2020 target implies $400 million in EBIT improvement, but comes at a time when 2018 EBIT declined around 9 percent, Sinisi said in a Thursday note. While the company's 2-5-percent EBIT growth target for 2019 to $2.9-$3 billion looks "achievable," it is questionable if it can be followed up with 17-21-percent growth to achieve next year's objective, the analyst said.

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Thursday, March 07


News

Kroger Co (KR) Q4 2018 Earnings Conference Call Transcript

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Kroger Co (NYSE: KR)Q4 2018 Earnings Conference CallMarch 07, 2019, 10:00 a.m. In 2018, we accelerated investments in associates and significantly improved employee retention in one of the tightest labor markets in years, and we were thrilled to be recognized on Fortune Magazine's Change the World 2018 list for using Kroger's scale for good, engaging our business to solve society's most complex issues through Kroger Zero Hunger Zero Waste social impact plan. It's a pleasure to join the call today. And more specifically speak to Kroger's upcoming year, both what we are committing to and how it aligns with Restock Kroger. For 2019, identical sales growth excluding fuel, we are targeting identical sales that range from 2% to 2.25%. I'll take that one Karen. So obviously a lot of -- we've made a lot of investments in 2018, which affects a wide variety of different lines and it's difficult to say obviously if you have a good quarter and a good year. When you look at trying to back into the core, what do you do with digital, which has been a headwind and we continue to invest in digital. If you don't back that headwind out and put that in the growing into business category, yes, that would drive the core down the way you do it, but if you look at the digital investments we've made along with the other investments we've made in the fourth quarter, I talked about the new warehouses that we opened up to support our digital business -- if you look at that all in the core, yes, the core declined, I won't go into a specific number, but it really is how you slice and dice all this, all that said, and I wouldn't necessarily discourage you from looking at the different pieces of the business, because we do have to do a better job of -- helping you all understand and explain where the alternative profit streams are going to come from, because some of them won't affect the top line, some of them that will just be profit. But when you're trying to transform form the company and you have a first year of a plan, we take all of the pieces and all of the available flows of profitability together and then decide how to invest them in which business, which is what we did in 2018.

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Kroger's $3 bln splurge hits profit outlook, shares slide

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(Reuters) - Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon. Its shares slid 12.4 percent in morning trade after the retailer also reported a 10 percent fall in fourth-quarter revenue and lower-than-expected earnings for the first time since October 2017. Indeed, costs to open new warehouses and launch an in-house delivery service hurt profits in the fourth quarter, Kroger Chief Executive Michael Schlotman told CNBC in an interview. Additionally, Kroger has launched deliveries in self-driving vehicles as part of a pilot Arizona project, teamed up with Microsoft to introduce shelves that play video and started using automated robot warehouses for delivery.

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Wednesday, March 06


News

Kroger Q4 2018 Earnings Preview - Kroger Co. (NYSE:KR)

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Kroger Q4 2018 Earnings Preview. Mar. 6, 2019 5:30 PM•SA Editor Jignesh Mehta. Kroger (NYSE:KR) is scheduled to announce Q4 earnings results on Thursday, March 7th, before market open. The consensus EPS Estimate is $0.52 (-17.5% Y/Y) and the consensus Revenue Estimate is $28.4B (-8.5% Y/Y). Over the last 2 years, KR has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time. Over the last 75 days, EPS estimates have seen 11 upward revisions and 1 downward. Revenue estimates have seen 0 upward revisions and 4 downward. Recommended for you:. SA Stock Market news.

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