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The Kroger Co Add to portfolio

INX:KR, Jan 18, 02:47 UTC

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Friday, December 06


News

3 Analysts Debate Kroger's Stock Following Q3 Earnings

KR

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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Thursday, December 05


News

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

TRI KR

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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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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Tuesday, November 05


News

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

TRI KR

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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Monday, October 07


News

Kroger, Walgreens to stop selling e-cigarettes in US

KR WBA

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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News

Kroger, Walgreens to stop sales of e-cigarettes amid U.S. vaping crackdown

KR WBA

Kroger, Walgreens to stop sales of e-cigarettes amid U.S. vaping crackdown. (Reuters) - Kroger Co and Walgreens Boots Alliance Inc said on Monday they would stop selling e-cigarettes at their stores, amid heightened regulatory scrutiny of the product and reports of lung disease and some deaths linked to vaping. E-cigarettes and other vaping products have been linked to a mysterious lung illness that is reported to have led to 18 deaths as of last week, with the number of confirmed and probable cases of the condition exceeding 1,000, according to the U.S. Centers for Disease Control and Prevention (CDC). Walgreens said it had decided to stop selling e-cigarette products at its U.S. stores as the CDC, the U.S. Food and Drug Administration (FDA) and other health officials continue to examine the issue.

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News

Kroger to discontinue sales of e-cigarettes at stores

KR

Kroger to discontinue sales of e-cigarettes at stores. ReutersOctober 7, 2019, 6:55 p.m. UTC. (Reuters) - Kroger Co <KR.N> said on Monday it would stop selling e-cigarettes at its stores, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product. Last month, Walmart Inc <WMT.N> told staff it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, citing growing federal, state and local regulatory complexity and uncertainty. What to read next.

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Wednesday, October 02


News

Kroger to layoff several store employees

KR

(Reuters) - Kroger Co <KR.N> is looking to lay off several store employees holding middle management roles, amidst the supermarket chain's push to improve delivery and in-store technology to attract shoppers. "As part of ongoing talent management, many store operating divisions are evaluating middle management roles and team structures with an eye toward keeping resources close to the customer," a Kroger spokesperson said in an e-mailed statement. Over the past couple of years, Kroger has been expanding home delivery, curbside pickup and self-checkout services, apart from investing heavily in technology such as its recent deal with UK-based Ocado Group <OCDO.L> to speed up its delivery operations with robot-operated warehouses. The spokesperson said store divisions operate independently but Kroger is taking steps to ensure it has the right talent in the right store leadership positions.

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News

Kroger to layoff several store employees

KR

(Reuters) - Kroger Co <KR.N> is looking to lay off several store employees holding middle management roles, amidst the supermarket chain's push to improve delivery and in-store technology to attract shoppers. "As part of ongoing talent management, many store operating divisions are evaluating middle management roles and team structures with an eye toward keeping resources close to the customer," a Kroger spokesperson said in an e-mailed statement. Over the past couple of years, Kroger has been expanding home delivery, curbside pickup and self-checkout services, apart from investing heavily in technology such as its recent deal with UK-based Ocado Group <OCDO.L> to speed up its delivery operations with robot-operated warehouses. The spokesperson said store divisions operate independently but Kroger is taking steps to ensure it has the right talent in the right store leadership positions.

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Tuesday, October 01


News

Kroger Company inks lease at BRiC - Delray Newspaper

KR

The Kroger Company’s Boca office will now be located in 43,000-square-feet at BRiC, Boca Raton Innovation Campus. Kroger is the largest supermarket chain by revenue and the second-largest general retailer. “[BRiC’s] rich history and compelling story as it relates to the digital focus of our Boca office is one of the several reasons we chose to move to campus,” said Guy Burgstahler, Senior Director of Customer Experience for Kroger. Our column-free, open floor plans allow businesses the flexibility to design workspaces that meet their needs,” said Danielle Vennett, Vice President at Crocker Partners, who helped facilitate the lease.

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