CINCINNATI, June 27, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors approved a dividend increase from $1.16 to $1.28 per year. The next quarterly dividend of 32 cents per share will be paid on September 1, 2024, to shareholders of record as of close of business on August 15, 2024.Kroger's quarterly dividend has grown at a 13.5% compounded annual growth rate since it was reinstated in 2006. This marks the 18th consecutive year of dividend increases. The company continues to expect, subje ...

jetcityimage/iStock Editorial via Getty ImagesThe Kroger Co. (NYSE:KR) operates as a food and drug retailer in the United States. We first wrote about the company back in June 2022, initiating a “buy” rating, as we have claimed that KR may not be too affected by low consumer confidence levels. Later, in October 2022, we reiterated our bullish thesis due to the firm’s strong financial performance. Our last article about KR has been published in April 2023, which again reiterated our bullish view on the f ...

More than 14,600 students recognized for volunteering to serve local communities and fight hunger and waste CINCINNATI, June 25, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared that 14,656 students across America have been named Zero Heroes through the retailer's Zero Hunger | Zero Waste youth engagement program. Students earned service awards for taking action during the 2023-2024 school year to create communities free from hunger and waste and advance United Nations (UN) Sustainable Developmen ...

Retailer helps families honor the holiday with easy grilling recipes for as little as $15 CINCINNATI, June 24, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared it is helping families honor Independence Day with $15 grilling recipes plus tons of ideas for get-togethers celebrating the July 4th holiday. "From backyard barbeques to hometown parades and firework displays, nothing brings our country together like the Fourth of July," said Dan De La Rosa, Kroger's group vice president of Fresh Merchand ...

Loading...Loading...BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Kroger Company KR, with a price objective of $70.Yesterday, the company reported first-quarter earnings results, recording an adjusted FIFO operating profit of $1.499 billion. Quarterly sales totaled $45.3 billion, compared to $45.2 billion a year ago.Kroger saw increased total/loyal households and customer visits during the first quarter, as it continues to provide affordable prices and personalized promos, Ohmes notes ...

Kroger’s NYSE: KR long-anticipated merger with Albertsons Companies NYSE: ACI has been a deadweight on their stock price for years. Try as they might; they just can’t get approval, and the stock prices are wallowing within trading ranges.Kroger TodayKRKroger$50.29 -1.69 (-3.25%) 52-Week Range$42.10▼$58.34Dividend Yield2.31%P/E Ratio16.99Price Target$55.70Add to WatchlistThe deal, blocked by the FTC, would unlock value for both companies, but it will not be a game-ender for this retail stock if it never clos ...

The Kroger Co. (NYSE:KR) Q1 2024 Earnings Conference Call June 20, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director of Investor Relations Rodney McMullen - Chairman and Chief Executive Officer Todd Foley - Interim Chief Financial Officer Conference Call Participants Rupesh Parikh - Oppenheimer Robert Ohmes - Bank of America Meryll Lynch Uriel Zachary Abraham - Morgan Stanley Kenneth Goldman - JPMorgan John Heinbockel - Guggenheim Partners Michael Lasser - UBS Michael Montani - Evercore ISI ...

Loading... Loading... Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Kroger Company KR, maintaining the forecast at $62. The company reported first-quarter adjusted earnings of $1.43 per share, surpassing analyst expectations of $1.34 per share. Kroger's digital sales grow over 8%, driving quarterly sales to $45.3 billion, slightly exceeding estimates. Check This Out: Kroger Company Shares Take Off After Q1 – Here's Why The gross margin increased eight bps to 22.4%, althoug ...

Key TakeawaysKroger reported revenue for the first quarter that beat analysts' estimates. The supermarket chain also reiterated its full-year guidance.Kroger said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion purchase of Albertsons. Kroger (KR) reported revenue for the first quarter that beat analysts' estimates and said it would pause stock buybacks as it works to get regulatory approval of its $24.6 billion acquisition of rival Albertsons (ACI). Shares initially ...

The Kroger Co. (KR) delivered impressive first-quarter fiscal 2024 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate. The company also reported a year-over-year increase in identical sales without fuel.Kroger's well-defined customer segmentation strategy, emphasis on value and focus on its 'Our Brands' portfolio have enabled it to effectively maintain a competitive position. The company remains committed to its core strengths, which include offering an array of fresh produc ...