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Kroger Co (KR.N)

KR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kroger & Walgreens Join Together In Exploratory Pilot
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Walgreens Boots Alliance Inc ::KROGER & WALGREENS JOIN TOGETHER IN EXPLORATORY PILOT.WALGREENS - COMPANIES TESTING OFFERING THAT BRINGS KROGER PICKUP AND SELECTION OF KROGER-OWNED BRANDS TO WALGREENS STORES IN SELECT PILOT LOCATIONS.WALGREENS - 2 RETAIL LEADERS HAVE SELECTED 13 WALGREENS STORES IN NORTHERN KENTUCKY, NEAR KROGER'S CINCINNATI HEADQUARTERS, TO PILOT THE FORMAT.  Full Article

Kroger Sets Quarterly Dividend Of 14 Cents Per Share
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Kroger Co ::KROGER CO - DECLARED A QUARTERLY DIVIDEND OF 14¢ PER SHARE.KROGER CO - CONTINUES TO EXPECT, SUBJECT TO BOARD APPROVAL, AN INCREASING DIVIDEND OVER TIME.  Full Article

Kroger Q2 Adjusted EPS Of $0.41
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Kroger Co ::KROGER REPORTS SECOND QUARTER 2018 RESULTS.Q2 SALES $27.9 BILLION VERSUS I/B/E/S VIEW $27.95 BILLION.Q2 EPS OF $0.62.Q2 ADJUSTED EPS OF $0.41.UPDATES 2018 GAAP EPS GUIDANCE TO $3.88-$4.03.MAINTAINS ADJUSTED 2018 EPS GUIDANCE OF $2.00-$2.15.ON TRACK TO GENERATE FREE CASH FLOW AND INCREMENTAL FIFO OPERATING PROFIT COMMITTED TO IN RESTOCK KROGER FOR 2018-2020.SEES 2018 IDENTICAL SALES GROWTH, EXCLUDING FUEL, TO RANGE FROM 2.0% TO 2.5%.KROGER - CONTINUES TO EXPECT CAPITAL INVESTMENTS, EXCLUDING MERGERS, ACQUISITIONS, AND PURCHASES OF LEASED FACILITIES, TO BE ABOUT $3 BILLION IN 2018.EXPECT INVESTMENTS IN SPACE OPTIMIZATION DURING FIRST HALF OF 2018 TO BECOME A TAILWIND LATE IN Q3.FY EARNINGS PER SHARE VIEW $2.12 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $0.38, REVENUE VIEW $27.95 BILLION -- THOMSON REUTERS I/B/E/S.FOR REMAINDER OF 2018, EXPECTS ITS LEVERAGE RATIO TO REMAIN SLIGHTLY ABOVE TARGET RANGE.Q2 ID SALES WITHOUT FUEL 1.6%.  Full Article

Kroger Mid-Atlantic Associates In Richmond And Hampton Roads Ratify New Contract With UFCW Local 400
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Kroger Co ::KROGER MID-ATLANTIC ASSOCIATES IN RICHMOND AND HAMPTON ROADS RATIFY NEW CONTRACT WITH UFCW LOCAL 400.KROGER CO - MID-ATLANTIC DIVISION AGREEMENT RAISES STARTING WAGES TO $9.50 AN HOUR FOR PART-TIME ASSOCIATES, $10 AN HOUR FOR FULL-TIME ASSOCIATES.KROGER CO - AFTER 1-YEAR OF SERVICE, WAGES MOVE TO $10 AN HOUR FOR PART-TIME AND $11 AN HOUR FOR FULL-TIME.KROGER - KROGER MID-ATLANTIC DIVISION ANNOUNCED ASSOCIATES WORKING AT 22 KROGER STORES IN RICHMOND & HAMPTON ROADS RATIFIED NEW CONTRACT WITH UFCW LOCAL 400.KROGER CO - AGREEMENT COVERS MORE THAN 3,200 ASSOCIATES IN RICHMOND, HAMPTON ROADS, VIRGINIA BEACH AND NORFOLK AREAS.  Full Article

Kroger Exploring Strategic Options For The Turkey Hill Business
Tuesday, 7 Aug 2018 

Kroger Co ::KROGER EXPLORING STRATEGIC OPTIONS FOR THE TURKEY HILL BUSINESS.KROGER CO - EXPLORING STRATEGIC ALTERNATIVES FOR ITS TURKEY HILL BUSINESS, INCLUDING A POTENTIAL SALE.KROGER CO - COMPANY IS EXPLORING STRATEGIC ALTERNATIVES FOR ITS TURKEY HILL BUSINESS, INCLUDING A POTENTIAL SALE..KROGER CO SAYS COMPANY HAS HIRED GOLDMAN SACHS & CO. LLC TO IDENTIFY, REVIEW AND EVALUATE OPTIONS.  Full Article

Kroger Introduces Kroger Ship, Its New Direct-To-Customer Ecommerce Platform
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Kroger Co ::KROGER LAUNCHES SHIP.KROGER CO - INTRODUCTION OF KROGER SHIP, ITS NEW DIRECT-TO-CUSTOMER ECOMMERCE PLATFORM.KROGER CO - KROGER SHIP IS LAUNCHING IN FOUR MARKETS: CINCINNATI, HOUSTON, LOUISVILLE, AND NASHVILLE.KROGER CO - ANTICIPATES QUICKLY ROLLING OUT SHIP SERVICE TO ADDITIONAL MARKETS OVER NEXT FEW MONTHS.KROGER - DURING FIRST PHASE OF KROGER SHIP, CUSTOMERS CAN SHOP FROM 4,500 BRANDS PRODUCTS, WHICH ARE NOT AVAILABLE ANYWHERE ELSE ONLINE.KROGER - SERVICE OFFERS COMPETITIVE ECOMMERCE PRICING BY A PACKAGE CARRIER ON ORDERS OVER $35, OTHERWISE SHIPPING IS $4.99 PER ORDER.KROGER - DURING LAUNCH PHASE, CUSTOMERS WILL RECEIVE FREE SHIPPING-NO MINIMUM PURCHASE REQUIRED-AND 15 PERCENT OFF ORDER WITH ONE-TIME-USE PROMO CODE.  Full Article

Kroger Announces $17 Million Investment In Northern Kentucky Distribution Center
Monday, 9 Jul 2018 

Kroger Co ::KROGER ANNOUNCES $17 MILLION INVESTMENT IN NORTHERN KENTUCKY DISTRIBUTION CENTER.KROGER CO - ANNOUNCED A $17 MILLION INVESTMENT IN ITS DISTRIBUTION CENTER ON MT. ZION ROAD IN FLORENCE.  Full Article

Kroger Board Raises Quarterly Dividend By 12 Pct
Thursday, 28 Jun 2018 

June 28 (Reuters) - Kroger Co ::KROGER BOARD OF DIRECTORS RAISES QUARTERLY DIVIDEND BY 12%.SETS QUARTERLY DIVIDEND OF $0.14PER SHARE.  Full Article

Kroger Partners With Ocado To Serve Customers In U.S.
Thursday, 17 May 2018 

May 17 (Reuters) - Kroger Co ::KROGER PARTNERS WITH OCADO TO SERVE CUSTOMERS ANYTHING, ANYTIME, ANYWHERE IN U.S..KROGER - NEW DEAL WITH OCADO NOT EXPECTED TO AFFECT CO'S DILUTED EPS GUIDANCE RANGE FOR 2018, 2019 AS IT IS ALREADY REFLECTED IN RESTOCK KROGER PLAN.  Full Article

Ocado CFO: Kruger deal is 'transformational'
Thursday, 17 May 2018 

May 17 (Reuters) - Ocado ::CFO SAYS STILL IN NEGOTIATIONS WITH KROGER AND FINAL DETAILED DEAL STLL TO BE SIGNED.CFO SAYS 'PRETTY OPTIMISTIC' CAN FUND KROGER PARTNERSHIP WITHOUT GOING TO INVESTORS.CFO SAYS KROGER PARTNERSHIP 'MULTI-YEAR PLAN WITH A LOT TO DO'.CFO SAYS KROGER PARTNERSHIP IS A "QUANTUM DIFFERENCE" THAN PREVIOUS DEALS.CFO SAYS KROGER WILL ALSO HAVE ACCESS TO ITS SOFTWARE, IF IT CHOOSES, FOR STORE PICKING.CFO SAYS POST-KROGER DEAL, SEVEN MAJOR GROCERS WILL BE ON PLATFORM, CREATING URGENCY FOR ANY OTHERS WHO WANT TO JOIN.CFO SAYS CONFIDENT IT CAN RAMP UP TO MEET KROGER'S AMBITIONS.CFO SAYS KRUGER TAKING A STAKE IS EVIDENCE OF THE STRENGTH OF ITS TECHNOLOGY PLATFORM.  Full Article

Instacart valued at $7.6 bln after latest funding round

Oct 16 Grocery delivery startup Instacart on Tuesday said it has raised $600 million in its latest funding round, adding to its war chest as it competes against heavyweights like Amazon.con Inc and valuing the company at $7.6 billion.