Core Insights - Kroger's CEO has resigned following an investigation into personal conduct, leading to a decline in the company's stock price [1] Company Summary - The resignation of the CEO has raised concerns among investors, resulting in a notable drop in Kroger's stock value [1] - The investigation into the CEO's conduct may impact the company's leadership stability and future strategic direction [1] Industry Summary - The incident highlights potential governance issues within the retail sector, particularly in large corporations like Kroger [1] - Market reactions to leadership changes in major companies can significantly influence stock performance and investor confidence [1]

Core Points - Kroger's Chairman and CEO Rodney McMullen has resigned following a Board investigation into his personal conduct, which was inconsistent with the company's ethics policy [1][2] - Ronald Sargent has been appointed as the new Chairman of the Board and interim CEO, while Mark Sutton will serve as the lead independent director [1][3][8] - The Board has formed a Search Committee to find Kroger's next CEO, with Sargent committed to maintaining the company's strategic direction during this transition [3][4] Financial Performance Expectations - Kroger anticipates that full-year Identical Sales without fuel will be at the high end of its guidance range [5][8] - The company expects full-year Adjusted Earnings Per Share to be slightly above the high end of its guidance range [5][8] - Kroger will report its fourth quarter and full-year 2024 results, along with full-year 2025 guidance, on March 6, 2025 [5][8] Leadership Background - Ronald Sargent has been a Kroger director since 2006 and has extensive experience in retail, including leadership roles at Staples, Inc. [4] - Sargent's previous roles at Kroger include various positions across stores, sales, marketing, manufacturing, and strategy [4] - Mark Sutton, the newly appointed lead independent director, emphasized Sargent's integral role in developing Kroger's strategy [5]

Core Viewpoint - Kroger is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended January 2025, with the consensus outlook indicating potential impacts on its near-term stock price [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $1.09 per share, reflecting an 18.7% decrease year-over-year [3]. - Revenues are projected to be $34.62 billion, down 6.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.33% over the last 30 days, indicating a collective reassessment by analysts [4]. - The Most Accurate Estimate for Kroger is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.43%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [7][8]. - Kroger's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Kroger met the expected earnings of $0.98 per share, resulting in no surprise [12]. - Over the past four quarters, Kroger has beaten consensus EPS estimates three times [13]. Conclusion - Kroger does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered when evaluating the stock ahead of its earnings release [16].

Core Insights - Kroger is promoting soup season with a variety of cozy and convenient recipes aimed at families during winter [1][2] - The company emphasizes the simplicity and comfort of soups, stews, and chilis as ideal meals for cold weather [2][3] Recipe Highlights - Kroger offers a range of hearty recipes including Classic Chicken Noodle Soup, Baked Potato Soup, Egg Drop Soup, and Chickpea and Vegetable Minestrone Soup [6] - Stews such as Slow Cooker Beef Stew and Moroccan Lentil Stew are highlighted for their rich flavors and ease of preparation [6] - Chili options include Classic Slow Cooker Chili and Cincinnati Chili, which is traditionally served over spaghetti [6] Customer Engagement and Savings - Kroger's Boost membership can save customers up to $1,100 annually on fuel and grocery delivery, enhancing customer loyalty [4] - The Kroger app and website provide access to over $600 in weekly savings through digital coupons, encouraging customer engagement [3][4] Company Overview - Kroger serves over 11 million customers daily through a seamless digital shopping experience and various retail food stores [7] - The company is committed to its purpose of feeding the human spirit and creating communities with ZeroHungerZeroWaste [7]

Core Points - Kroger is launching its first-ever Kroger Hour Back Box to help customers adjust to daylight saving time by providing free breakfast essentials [1][3] - The promotion includes a total of 39,000 free breakfast items available to customers [2][5] Group 1: Promotion Details - The Kroger Hour Back Box will be available for free on a first-come, first-served basis starting March 4 at 12 p.m. EST [4] - Each box contains popular breakfast items such as Private Selection™ Cold Brew Coffee Concentrate, Simple Truth™ Oatmilk Creamer, and Kroger Frozen Breakfast Sandwiches [3][6] - Customers can also receive a gift card for a one-year Kroger Boost membership, valued at $59, which offers benefits like free grocery delivery and 2X fuel points [3][7] Group 2: Additional Offers - Starting March 7 at 12 p.m. EST, customers who miss the Hour Back Box can still claim one of thousands of free breakfast items by downloading a digital coupon [5] - The promotion is designed to assist families in managing their morning routines after losing an hour of sleep due to daylight saving [6] Group 3: Company Background - Kroger operates nearly 420,000 associates and serves over 11 million customers daily through various retail food stores and digital shopping experiences [10]

Core Insights - Kroger is promoting air fryer recipes to simplify mealtimes and enhance cooking experiences for customers [1][2][3] - The company emphasizes the health benefits and convenience of using air fryers for preparing meals, particularly vegetables and proteins [3][4] Group 1: Air Fryer Promotion - Kroger is sharing convenient air fryer recipes along with a cheat sheet to assist customers in meal preparation [1][2] - The air fryer is highlighted as a versatile kitchen tool that can elevate simple meals into culinary experiences [3] Group 2: Customer Engagement and Savings - Kroger offers a delivery membership, Boost by Kroger Plus, which can save customers up to $1,100 annually on various services [4][5] - The company provides over $600 in weekly savings through digital coupons, enhancing customer value [4] Group 3: Company Overview - Kroger operates nearly 420,000 associates serving over 11 million customers daily through a seamless digital shopping experience [6] - The company is committed to its purpose of feeding the human spirit and creating communities with ZeroHungerZeroWaste [6]

Retailer's fastest online delivery offers same great prices as in-store shopping CINCINNATI, Feb. 18, 2025 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared how its Express Delivery service can help customers in a pinch by bringing items they need from the store to a customer's door and fast. From a missing ingredient for dinner to cold remedies on a sick day or ingredients customers might have forgotten in their grocery haul, Express Delivery powered by Instacart—the retailer's fastest same day delive ...

Core Insights - Home Chef has partnered with Ayesha Curry to offer exclusive meal kits featuring her recipes, emphasizing bold flavors and fresh ingredients [1][2][3] - The partnership will last for four weeks, with new recipes introduced weekly, available in various formats including Meal Kit, Express Plus, and Culinary Collection [2][3] - Ayesha Curry expressed enthusiasm for the collaboration, highlighting the convenience of having ingredients delivered for easy meal preparation [2] Company Overview - Home Chef, founded in 2013, is a leading meal solutions company with both online and retail presence, available in over 2,400 stores within the Kroger Family of Companies [6][7] - The company is recognized for its customer service, ranked 1 among meal kits by Newsweek [7] - Home Chef aims to simplify home cooking with delicious meals, allowing customers to enjoy their time at home [6] Promotional Details - First-time customers can use the code "CHEFCURRY" to receive meals for $4.99 per serving, along with various discounts on subsequent orders [4][5] - The promotional offer includes a maximum discount of $41 on the first box and additional discounts on the next five boxes [5] - A giveaway is also being held, where participants can win a selection of beverages and a $100 Home Chef gift card [3]

The Zacks Retail – Supermarkets industry players are facing mounting challenges as inflationary pressures and shifting consumer spending habits weigh on revenues. Budget-conscious shoppers are opting for smaller pack sizes and lower-priced products, squeezing top-line growth. At the same time, rising operational costs — from store upgrades to higher wages and digital investments — are eroding profit margins. However, retailers are leveraging omnichannel strategies, enhancing online capabilities and refining ...

Leadership Changes - Kroger announced that David Kennerley, a veteran from PepsiCo, will join as senior vice president on March 10 and will become chief financial officer (CFO) on April 3, succeeding interim CFO Todd Foley [1][2] - Todd Foley will continue in his interim role until the end of Kroger's fiscal year 2024 reporting cycle and will retire at the end of the first quarter [1][3] Experience and Background - Kennerley has nearly 25 years of experience at PepsiCo, most recently serving as CFO for Europe since March 2020, and he qualified as a chartered accountant at Arthur Andersen before joining PepsiCo [2] - Kroger's Chairman and CEO, Rodney McMullen, expressed confidence in Kennerley's ability to contribute to the company [2][3] Financial Performance and Legal Issues - During the most recent earnings call, Kroger projected identical sales growth of 1.2% to 1.5% for the fourth quarter, emphasizing digital engagement and customer loyalty [4] - Kroger is facing legal challenges, including a lawsuit from Albertsons over the failed $24.6 billion merger, with allegations of breach of contract and concerns about competition in the grocery sector [4][5] - Kroger has labeled the lawsuit as "baseless," accusing Albertsons of intentional breaches during the merger process [6]