Key PointsKroger shares surged after a solid report affirming its value for shareholders.The stock is cheap and pays a solid dividend that is expected to grow. The merger with Albertsons may not happen, but it may not matter; Kroger is in its best shape in years and ready to deliver to shareholders. 5 stocks we like better than KrogerKroger’s NYSE: KR stock surged following the Q4 results and guidance, not because of any mind-blowing growth but because this high-quality cash-producing machine proved its wor ...

Retailer honored for commitment to creating inclusive workplace by Mogul CINCINNATI, March 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR), today announced it has been recognized as a Best Workplace for Diverse Professionals by Mogul, a diversity-focused HR tech and recruitment firm. Kroger ranked in the top three among the list of 100 honorees.   "We appreciate Mogul for recognizing Kroger's commitment to creating a welcoming workplace for all associates, from all walks of life," said Tim Massa, senior ...

Value investors in particular may be eying Kroger (KR)  and United Natural Foods (UNFI)  stock with both beating their quarterly earnings expectations this week. The grocery chain giant and leading organic food distributor have been on two different spectrums in terms of their price performance but remain attractive regarding promising business operations and reasonable valuations.To that point, Kroger’s stock is at 52-week highs at around $55 a share while United Natural Foods is sitting on lows of $11 a s ...

Shares of Kroger (KR 9.88%) popped 9.9% on Thursday after the grocery store chain announced strong fourth-quarter 2023 results and better-than-expected forward guidance.Kroger ended the year on a high noteFor its fourth quarter of 2023, Kroger's total company sales grew 6.4% year over year to $37.06 billion, including around $2.7 billion from an extra week in the quarter relative to the same year-ago period. Identical sales without fuel declined by 0.8%. On the bottom line, that translated to net earnings o ...

The Kroger Co. (NYSE:KR) Q4 2023 Results Conference Call March 7, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman & Chief Executive Officer Todd Foley - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS Krisztina Katai - Deutsche Bank John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheim ...

As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers' doors quickly.This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning.And Kroger said Thursday that home deliveries helped propel its more than 10% year-over-year growth in digital sales a ...

Despite acting in vastly different sectors, the shares of New York Community Bancorp, Inc. (NYSE:NYCB) and Kroger Co (NYSE:KR) are both surging today. Below, we'll look into what's propping up each stock, and how the options pits are responding to their respective surges.Options Traders Target Embattled NYCBNYCB was last seen 7.7% higher at $3.73, after the bank concern said it secured $1 billion from investors, including Citadel Global Equities, Hudson Bay Capital, former U.S. Treasury Secretary Steven Mnu ...

Key TakeawaysKroger's stock surged Thursday as the grocery chain's fourth-quarter profit beat analyst estimates and the company issued strong earnings guidance for the full year of fiscal 2024.Last week, the Federal Trade Commission filed a lawsuit to halt Kroger's $25 billion merger with Albertsons, alleging it would decrease competition and raise prices.Kroger said it is continuing its pause of stock buybacks as it pursues the Albertsons merger. Kroger's (KR) shares jumped over 8% in early trading Thursda ...

The Kroger Co. (KR) came up with fourth-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. Both the metrics improved from the year-ago period. Additionally, the company witnessed a decline in identical sales without fuel.Kroger appears to be navigating a tough operating landscape, characterized by a tightening consumer spending environment. Also, the grocery industry is witnessing increased competition, with retailers actively working ...

Shares of Kroger (KR) have been strong performers lately, with the stock up 13.2% over the past month. The stock hit a new 52-week high of $50.65 in the previous session. Kroger has gained 10.5% since the start of the year compared to the 8.4% move for the Zacks Retail-Wholesale sector and the 14.8% return for the Zacks Retail - Supermarkets industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of t ...