Finally, US equities are beginning to see early signs of a correction, with the volatility index jumping 10% on the day as of this writing. That is not to say that I am expecting anything too severe, but a ‘garden variety’ pull-back would be productive for the longer-term bull run.Now, while this pullback should create opportunities to buy the dip on some of the leading stocks, I still like big-tech and artificial intelligence adjacent stocks, they still have some room to fall before they are again attracti ...

With a combination of organic waste recycling and food donations, Home Chef diverts food from landfillsCHICAGO, April 2, 2024 /PRNewswire/ -- Home Chef, the leading meal solutions company available online and in stores, is launching a new sustainability-focused program aimed at redirecting surplus food and reducing waste in its manufacturing and production processes. This newly expanded program is now implemented at all four of Home Chef's nationwide facilities and supports Home Chef's environmental impact ...

Retailer recognizing Earth Month by protecting wildlife, introduces new reusable bagsCINCINNATI, April 1, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR), today announced it is celebrating Earth Day the entire month of April, kicking off with a contribution from its Zero Hunger | Zero Waste Foundation to World Wildlife Fund (WWF). The company is also sharing progress on its Zero Hunger | Zero Waste milestones and introducing a new reusable bag campaign. Beginning this month, Kroger will offer specially de ...

With Kroger selling off its specialty pharmacy business, it seems that retailers’ efforts to pack more and more into their stores may not always be the right move.The Kroger Company announced plans to sell the business to CarelonRx, a subsidiary of Elevance Health, earlier this week, with the sale expected to close in the second half of the year.“As part of our regular review of assets, it became clear that our strong specialty pharmacy business unit will better meet its full potential outside of our busine ...

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Kroger (KR) or Walmart (WMT) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings esti ...

Core Viewpoint - The Kroger Co. (KR) is identified as a strong value investment opportunity, currently holding a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is likely undervalued compared to its peers [2][4]. Valuation Metrics - KR has a P/E ratio of 12.72, significantly lower than the industry average of 23.74, suggesting it is undervalued [2]. - The Forward P/E for KR has fluctuated between 9.49 and 12.75 over the past year, with a median of 10.46 [2]. - The PEG ratio for KR stands at 2.63, compared to the industry average of 3.73, indicating a favorable valuation relative to expected earnings growth [2]. - KR's PEG has ranged from 1.65 to 2.89 in the last 12 months, with a median of 2.08 [2]. - The P/B ratio for KR is 3.52, which is lower than the industry average of 5.58, further supporting the notion of undervaluation [3]. - KR's P/B has varied between 2.73 and 3.57 over the past year, with a median of 3.06 [3]. - The P/CF ratio for KR is 6.97, well below the industry average of 17.53, indicating strong cash flow relative to its market value [3]. - KR's P/CF has been between 5.09 and 6.97 in the last 12 months, with a median of 5.77 [3]. Investment Outlook - The combination of these valuation metrics suggests that The Kroger Co. is likely undervalued at present, making it an attractive value stock based on its earnings outlook [4].

Specialty pharmacy serves patients with chronic illnesses who require complex care CINCINNATI, March 18, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced that it has entered into a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. "Kroger Specialty Pharmacy has been part of our company since 2012, and we want to thank our management team and associates for their enduring commitment to their patients," said Colleen Lindholz, President ...

"Whether you're planning a road trip to visit family and friends, gearing up for relaxation on the beach or seeking thrills at your favorite theme park, we look forward to connecting more customers to Kroger Delivery," said Rebekah Manis, Senior Director, Kroger Delivery Fulfillment Centers. "Our service enables us to meet our customers' needs during special moments like family vacations, providing exceptional friendly service from our best-in-class uniformed drivers, and a personalized shopping experience ...

Affordable and easy-to-prepare seafood products for delicious, chef-curated meals at home CINCINNATI, March 14, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today debuted several new Our Brands seafood products, making seafood at home more accessible and easier than ever with fresh meal solutions prepared in the oven, microwave and air fryer. "Seafood at home has never been so quick, easy and delicious," said Juan De Paoli, vice president, Our Brands for Kroger. "Simplifying weeknight meals, elevating a f ...

Players in the Zacks Retail – Supermarkets industry have been benefiting from their ongoing initiatives to enhance both physical store and online operations. Seamless delivery and payment options, as well as strong omnichannel capabilities, have proven to be effective for these players.A dynamic operational landscape due to inflation and other economic conditions, along with elevated costs, poses concerns. That said, sustained demand for essentials and strong revenue-driving efforts keep supermarket giants ...