Kroger Stock News

Second Quarter Highlights Identical Sales without fuel increased 1.2% Operating Profit of $815 million; EPS of $0.64 Adjusted FIFO Operating Profit of $984 million and Adjusted EPS of $0.93 Achieved strong Adjusted Free Cash Flow Executed its go-to-market strategy to deliver value for customers Grew digital sales 11% Increased total households, customer visits and loyal households CINCINNATI , ...

CINCINNATI , Sept. 11, 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.

Kroger is scheduled to report earnings before Thursday's open. The stock hit a record high of $62.78/share in 2022 and is currently trading near $52.

Supermarket operator Kroger Co (NYSE:KR) is scheduled to take to the earnings confessional before the market opens on Thursday, Sept.

Higher grocery prices have worn out consumers and cramped their spending elsewhere. Over the past two years, they've been a flash point in the debate over how much companies took advantage of 2022's spike in costs to simply keep charging shoppers and pad profits. This year, they've become a core election-season issue.

Kroger (KR) reports its latest financial results Thursday morning, with the grocery giant in the midst of legal battles with regulators over its proposed $24.6 billion merger with Albertsons (ACI). The Federal Trade Commission (FTC) has said the deal will lead to less competition and higher prices in the grocery sector.

The merger with Albertson's is a good opportunity for the company to reach a significant scale and increase its competitiveness. The company has a good financial performance and possible synergies can be created after the deal is closed. The company's current valuation is compelling, especially if compared to its peers.

CINCINNATI , Sept. 5, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) and The Procter & Gamble Company (NYSE: PG) today kicked off year three of their Game Changers program, an effort to advance women in sports, business and education in partnership with the LPGA tournament, Kroger Queen City Championship presented by P&G.