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The Kroger Co Add to portfolio

INX:KR, Feb 22, 09:32 UTC

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Wednesday, February 19


News

The U.S. Online Grocery Market (2020-2024): Major Players Include Walmart, Amazon, The Kroger Co & Costco Wholesale Corporation - ResearchAndMarkets.com

KR AMZN +1 more KR AMZN COST

Currently, in grocery shopping, online channels accounted for a small proportion of the total grocery market in the US, but anticipations are made that the market would gain momentum over the next five years i.e. The market is expected to grow on the back of the rising millennial population, growing e-commerce market, expansion of business models by major players, integration of voice technology, rising demand for grocery apps, etc. However, the growth of the market is restrained by factors such as escalating storage and delivery cost, lack of personal verifiability of groceries, price fluctuation of grocery items, etc. The analysis includes market size in terms of value, market share by segments, and segment analysis as well with their forecasted values. The US online grocery market is in its nascent stage and market share is dominated by only a few major players whose company profiling has been done in the report, which include their business overview, financial overview, and respective business strategies.

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  • Business
  • Financial

Monday, February 17


News

Berkshire Hathaway Buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Sells Wells Fargo ...

WFC KR +5 more WFC KR OXY BIIB BRK.B AAPL TRV

Berkshire Hathaway Buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Sells Wells Fargo ... Warren Buffett (Trades, Portfolio)'s investment company Berkshire Hathaway buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Suncor Energy Inc, General Motors Co, RH, SPDR S&P 500, Vanguard S&P 500, sells Wells Fargo & Co, Goldman Sachs Group Inc, The Travelers Companies Inc, Apple Inc, Phillips 66, American Airlines Group Inc, Bank of New York Mellon Corp during the 3-months ended 2019Q4, according to the most recent filings of his investment company, Berkshire Hathaway. As of 2019Q4, Berkshire Hathaway owns 52 stocks with a total value of $242.1 billion. Reduced Positions: WFC, GS, TRV, AAPL, PSX, AAL, BK. For the details of Berkshire Hathaway's stock buys and sells, go to https://www.gurufocus.com/guru/warren+buffett/current-portfolio/portfolio. Bank of America Corp (BAC) - 925,008,600 shares, 13.46% of the total portfolio. Berkshire Hathaway initiated holdings in The Kroger Co. His purchase prices were between $23.84 and $29.1, with an estimated average price of $26.57.

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  • Business
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Friday, February 14


News

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

WFC KR +2 more WFC KR BRK.B GS

U.S. Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes. (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. In a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc. Berkshire has sold more than 86 million shares, or 21%, of its Wells Fargo stake since June 30, as the bank tries to restore its reputation following scandals over its mistreatment of customers. Since the scandals began erupting in September 2016, the Standard & Poor's 500 has risen 55%, while Wells Fargo is down 3%. Kroger, in which Berkshire disclosed an 18.94 million share stake, has invested heavily to expand online, upgrade stores and improve deliveries to compete with Walmart Inc and Amazon.com Inc, the latter also a Berkshire holding.

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News

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

WFC KR +3 more WFC KR TRI BRK.B GS

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes. (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. In a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc. Berkshire has sold more than 86 million shares, or 21%, of its Wells Fargo stake since June 30, as the bank tries to restore its reputation following scandals over its mistreatment of customers. Since the scandals began erupting in September 2016, the Standard & Poor's 500 has risen 55%, while Wells Fargo is down 3%. Kroger, in which Berkshire disclosed an 18.94 million share stake, has invested heavily to expand online, upgrade stores and improve deliveries to compete with Walmart Inc and Amazon.com Inc, the latter also a Berkshire holding.

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  • Business
  • Financial

Thursday, February 06


News

Dietary Supplements Market to Reach USD 74.14 Billion by 2026; Introduction of OptUp by The Kroger Company to Boost Growth prospects, says Fortune Business Insights™

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Key Companies Covered in the Dietary Supplements Market Research Report are Amway Corp, Abbott, Nestle S.A., Herbalife Nutrition Ltd., Archer Daniels Midland Company, Glanbia Nutritionals, Otsuka Holdings Co. Ltd., Arkopharma and other key market players. Furthermore, the enabling regulations on food and supplements by regulatory authorities such as the Food and Drug Administration of United States (FDA) will fuel demand for dietary supplements during the forecast period. For instance, in 2016, FDA stated that a definition for dietary fiber for the first time declaring that dietary fiber will be measured as any naturally occurring fibers that are "intrinsic and intact" in plants as well as some synthetic nondigestible carbohydrates. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. Carotenoids Market Size, Share and Industry Analysis By Type (Beta-Carotene, Lutein, Lycopene, Astaxanthin, Zeaxanthin, Canthaxanthin, and Others), By Application (Animal feed, Foods & Beverages, Dietary Supplements, Personal Care & Cosmetic, and Pharmaceuticals), By Source (Synthetic and Natural), and Regional Forecast 2019 – 2026. Sorbitol Market Size, Share and Global Trend By Type (Liquid/Syrupy and Powder/Crystal), Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others), and Geography Forecast 2019-2026.

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Topics:
  • Business
  • Health
  • Financial
  • Science

Friday, December 06


News

3 Analysts Debate Kroger's Stock Following Q3 Earnings

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Kroger Co (NYSE: KR) reported Thursday third-quarter resultsthat fell short of expectations. The company reported quarterly sales of $27.974 billion, which missed the analyst consensus estimate of $28.15 billion. What's next for the troubled stock? Kroger's management could have done a better job of emphasizing several metrics which showcase an improving business, Wells Fargo analyst Edward Kelly wrote in a note. These include FIFO EBIT coming in better than expected by 8% when excluding all one-time items, identical store sales of 2.5% beat expectations of 2.3% and full-year EPS guidance was maintained despite a 7-cent per share cost from pharmacy/LIFO.

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  • Business
  • Financial

Thursday, December 05


News

UPDATE 1-Kroger's quarterly sales, profit miss as competition hurts

KR TRI

UPDATE 1-Kroger's quarterly sales, profit miss as competition hurts. Dec 5 (Reuters) - U.S. supermarket chain Kroger Co missed Wall Street estimates for quarterly sales and profit on Thursday, hurt by stiff competition from industry stalwarts including Walmart Inc and Amazon.com Inc. Kroger also said it divested its interest in Lucky's Market, a specialty grocery store chain, and took a related non-cash impairment charge of $238 million in the third quarter. The company has been investing heavily as part of its 'Restock Kroger' transformation program to grow online sales, improve delivery and modernize stores to gain market share. Net earnings attributable to Kroger fell to $263 million, or 32 cents per share, in the third quarter ended Nov. 9, from $317 million, or 39 cents per share, a year earlier.

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  • Business
  • Financial

Thursday, November 21


News

Kroger Added Too Much To Its Cart, Will Slowdown 'Restock Kroger' Plans

KR

Kroger Co (NYSE: KR) will slow down its "Restock Kroger" plan after realizing it calls for too much at once, The Wall Street Journal reported. As part of the 2017 "Restock Kroger" plan, the grocer set out to renovate stores and introduce new products to better help support sales growth. But the company has now decided to slow down the pace so it can focus on keeping more stores fully operational. Kroger's management expected to invest $9 billion and generate $400 million of operating profit once the initiative was complete by 2020. So far, only 20% of the 2,700 store fleet completed a remodel and expectations for a profit boost has been tempered. CEO Rodney McMullen told WSJ the company simply "put too many things on our stores to executive." The grocer even entered into new relationships with Walgreens Boots Alliance Inc (NASDAQ: WBA) to include Kroger Express stores in Walgreens locations.

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  • Business
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Tuesday, November 05


News

Kroger's 2020 profit, same-store sales estimates top expectations

KR TRI

Kroger's 2020 profit, same-store sales estimates top expectations. (Reuters) - Kroger Co <KR.N> on Tuesday forecast next year's profit and same-store sales ahead of analysts' estimates, as the supermarket chain benefits from its efforts to modernize stores, enhance delivery and improve product assortments. In the face of growing competition in the U.S. grocery space, recently disrupted by online retail giant Amazon.com <AMZN.O>, Cincinnati-based Kroger has been slashing prices and boosting investments in technology to attract more shoppers. The company forecast adjusted profit between $2.30 and $2.40 per share in 2020, and identical sales growth, excluding fuel, to be greater than 2.25%.

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  • Financial

Monday, October 07


News

Kroger, Walgreens to stop selling e-cigarettes in US

WBA KR

NEW YORK (AP) — Two major retailers say they will no longer sell e-cigarettes in the U.S. amid mounting health questions surrounding vaping. Supermarket chain Kroger and drugstore chain Walgreens announced Monday they would discontinue sales of e-cigarettes at their stores nationwide, citing an uncertain regulatory environment. The vaping industry has come under scrutiny after hundreds of people have fallen ill and at least eight have died after using vaping devices. Kroger said it would stop selling e-cigarettes as soon at its current inventory runs out at its more than 2,700 stores and 1,500 fuel centers.

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  • Business
  • Financial
  • Entertainment
  • Health