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The Latest Breaking News from Kroger

Jewel, Mariano’s owners announce $20 billion merger

Kroger and Albertsons, two of the nation’s largest grocers, have agreed to merge in a deal that would help them better compete with Walmart, Amazon and others that have stepped into the grocery business.

Chicago Sun-Times

Kroger snaps up Albertsons in grocery megamerger

The deal for two of the nation's largest grocery chains is valued at $24.6 billion.

Axios

Benzinga's Top Ratings Upgrades, Downgrades For October 10, 2022

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Benzinga

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New ‘Striketober’ looms as US walkouts increase amid surge in union activity

Support for unions is on the rise as workers take action to raise pay and conditions amid booming company profits

The Guardian - US

GM Unit BrightDrop Debuts Electric Cart For Hauling Groceries

Built on BrightDrop's Trace Platform, the temperature-controlled Trace Grocery is said to streamline order fulfillment and pickup for online grocery purchases.

InsideEVs

GM's BrightDrop electric cart will appear in Kroger stores for grocery pickup

BrightDrop, the General Motors Co. business focused on delivery and logistics, is introducing the eCart, a new product that will help streamline online grocery order fulfillment, the company says.

Tribune News Service

1 Stock with an Excellent Track Record to Buy Now

Leading grocery retailer Kroger (KR) reported robust second-quarter financials and raised its full-year guidance. The company’s diversified business model positions it well to stay resilient during the current uncertain market conditions. Moreover, the company has increased its quarterly dividends by 12.9% CAGR over the past five years. Thus, we think…

StockNews.com

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Cheaper gas likely slowed high US inflation for a 2nd month

A sign that the painful inflation of the past 18 months may be gradually easing could come Tuesday, when the government is expected to report that the acceleration in U.S. prices slowed in August compared with a year ago for a second straight month

The Independent UK

Large Premarket Seller For Kroger Shares Spotted Friday: Trading The Grocer's Q2 Earnings

There are several critical aspects of the PreMarket Prep show that no other financial media has even a clue about. One of those is interpreting order flow and the price action in premarket and after-hours trading.

Benzinga

Annika Sorenstam has paid her dues in golf, now she pays it forward

"I've had mentors in my life, people that I've looked up to...so this is a way to pay it forward and say thank you."

USA Today Sports Media Group

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Tribune News Service

4 Stocks to Buy in the Hottest Sector Right Now

Amid the uncertain macroeconomic environment, the grocery/big-box retail industry has been thriving as the inelastic demand for the products these retailers sell is helping them pass on the rising prices to consumers. Therefore, fundamentally sound stocks from this hottest industry Walmart (WMT), Kroger (KR), Albertsons Companies (ACI), and Casey's General…

StockNews.com

Gun buybacks are popular. But are they effective?

Two weeks ago, more than 160 gun owners in Richmond, Virginia, turned in 474 firearms in the city’s first-ever gun buyback event. City officials offered Walmart, Amazon and Kroger gift cards in various amounts for different unwanted firearms: $250 for assault-style weapons, $200 for handguns, $150 for rifles and $25…

Tribune News Service

Joe Burrow’s first Kroger commercial is here

Kroger's brand ambassador appears in his first commercial.

USA Today Sports Media Group

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Chicago Sun-Times

Kroger opens new warehouse in Maywood to expand delivery service

Customers will receive groceries directly from the Kroger warehouse when they order from the Mariano’s website, instead of only having third-party delivery options such as Instacart or Shipt.

StockNews.com

Is It Worth Adding Kroger Stock to Your Portfolio Right Now?

Kroger (KR) recently raised its dividend payout rate by more than 23%. Moreover, Wall Street analysts are bullish on the stock’s near-term prospects. However, will it be wise to add KR to your portfolio now, given the lingering macro headwinds? Keep reading to find out….

StockNews.com

5 Stocks Under $50 to Buy Now

Since the stock market is expected to remain volatile on concerns over the economy witnessing recessionary pressures, it could be wise to invest in fundamentally strong stocks The Kroger (KR), AudioCodes (AUDC), Movado Group (MOV), Progress Software Corp. (PRGS), and Viemed Healthcare (VMD), which are trading under $50. Read on….

The Independent UK

Demand for grocery delivery cools as food costs rise

U.S. demand for grocery delivery is cooling as food prices rise

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Miami Herald

Is that a Walmart worker in my house stocking my fridge? What’s that all about?

If the pandemic has taught us nothing else, Americans have apparently taken to the idea of home grocery deliveries.

Benzinga

$100 Invested In This Stock 20 Years Ago Would Be Worth $500 Today

Kroger (NYSE:KR) has outperformed the market over the past 20 years by 1.13% on an annualized basis producing an average annual return of 8.14%. Currently, Kroger has a market capitalization of $34.64 billion.

Reason

Religious Accommodation Claim Over Objections to Having to Wear Multi-Colored Heart Symbol Can Go to Trial

From Judge Lee Rudofsky's opinion Thursday in EEOC v. Kroger Ltd. Partnership I (E.D. Ark. June 23, 2022): This case arises from Kroger's termination of two employees. The Equal Employment Opportunity Commission alleges that these terminations amount to religious discrimination and retaliation in violation of Title VII of the Civil…

Benzinga

Kroger Plans Dairy Production Expansion - Read More For Details

Kroger Co (NYSE:KR) plans to execute a 35,000 square-foot expansion at Tamarack Farms Dairy to support the implementation of an aseptic milk line. Tamarack Farms Dairy serves about 160 stores in Ohio and West Virginia and provides products for Kroger's e-commerce channel. The facility will be able to manufacture products such as half…

Benzinga

Kroger Boosts Dividend By 24%

Kroger Co (NYSE:KR) Board of Directors approved a dividend increase of 24% from $0.84 to $1.04 per year. The next quarterly dividend of $0.26 per share will be paid on September 1, 2022, to shareholders of record as of the close of business on August 15, 2022. Related: Kroger Q1 Earnings Top Estimates; Raises…

StockNews.com

5 Inexpensive Blue-Chip Stocks to Add to Your Portfolio

The increasing concerns over a potential recession has kept equities under pressure lately. Given this backdrop, inexpensive blue-chip stocks of Enterprise Products Partners (EPD), Flowers Foods (FLO), The Kroger (KR), Altria Group (MO), and Comcast Corp. (CMCSA) could be solid additions to your portfolio. Continue reading.

StockNews.com

Which Stocks Should You Consider As Recession Hits Retail?

Retail companies have faced multiple headwinds of late, including multi-decade high inflation and persistent supply chain disruptions. With recession fears looming, many retail companies have lowered their guidance for the current year. However, not all stocks are expected to be weighed down by the recession. Kroger (KR) has raised its…

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