Kroger Stock News

CINCINNATI , Sept. 16, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE: ACI) ("ACI"), New Albertsons, L.P.

A weekslong court battle is playing out in Oregon right now that could determine the future of your grocery shopping—with one side arguing the largest proposed supermarket merger in U.S. history will drive up prices, and the other side assuring it will benefit consumers.

Kroger's NYSE: KR stock price has struggled since early 2022 when the pandemic-driven bubble burst. There are still hurdles, including the stalled merger with Albertsons Companies NYSE: ACI, but they are diminishing, and investors are faced with a win-win situation regardless of them.

Kroger's stock surged due to Q2 2024 revenue and adjusted earnings exceeding expectations despite a miss on earnings per share. The company's digital sales and new product introductions contributed significantly to revenue growth, showcasing strong performance in e-commerce. Despite mixed profitability metrics, Kroger's shares remain attractively priced, supporting a 'buy' rating.

Retailer recognized for earning the confidence of consumers, investors and associates CINCINNATI , Sept. 13, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR), today announced it has been recognized by Newsweek as one of "World's Most Trustworthy Companies" for 2024.

Kroger has faced pushback from the Federal Trade Commission over its planned merger with Albertsons.

The Kroger Co. (NYSE:KR ) Q2 2024 Earnings Conference Call September 12, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director of IR Rodney McMullen - Chairman and CEO Todd Foley - Interim CFO Conference Call Participants Edward Kelly - Wells Fargo Securities Kelly Bania - BMO Capital Markets Anders Myhre - Guggenheim Partners Leah Jordan - Goldman Sachs Simeon Gutman - Morgan Stanl...

As economic uncertainty looms, Kroger Co (NYSE: KR) is emerging as a potential haven for investors. The grocery giant, known for its strong consumer staples portfolio, offers a solid dividend yield of 2.34%, positioning it well to deliver stable returns during tough economic times.