Edition:
United States

Kroger Co (KR.N)

KR.N on New York Stock Exchange

23.41USD
17 Nov 2017
Change (% chg)

$1.13 (+5.07%)
Prev Close
$22.28
Open
$22.30
Day's High
$23.47
Day's Low
$22.27
Volume
4,076,890
Avg. Vol
3,064,898
52-wk High
$36.43
52-wk Low
$19.69

Latest Key Developments (Source: Significant Developments)

Greenlight Capital cuts share stake in Apple, General Motors
Tuesday, 14 Nov 2017 05:34pm EST 

Nov 14 (Reuters) - Greenlight Capital: :Greenlight Capital cuts share stake in Apple Inc by 44.2 percent to 2.2 million shares - SEC filing.Greenlight Capital cuts share stake in General Motors by 36.9 percent to 34.6 million shares.Greenlight Capital takes share stake of 362,300 in Kroger Co.Greenlight capital ups share stake in Micron Technology Inc by 89.5 percent to 5.0 million shares.Greenlight Capital ups share stake in Perrigo by 14.8 percent to 2.9 million.Greenlight Capital dissolves share stake in New York REIT.Greenlight Capital cuts share stake in Chemours Co by 58.8 percent to 1.5 million shares.Greenlight Capital dissolves share stake in PVH Corp.Greenlight Capital takes share stake of 1.7 million in Venator Materials.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Kroger announces collaboration with Google Cloud Platform
Wednesday, 8 Nov 2017 01:43pm EST 

Nov 8 (Reuters) - Kroger Co ::Kroger announces collaboration with Google Cloud Platform.‍Announced its cloud computing portfolio is expanding with Google Cloud Platform​.  Full Article

Kroger's mid atlantic division ratifies agreement with UFCW local 400​
Tuesday, 7 Nov 2017 02:42pm EST 

Nov 7 (Reuters) - Kroger Co ::Kroger co - ‍kroger's mid atlantic division ratifies agreement with UFCW local 400​.Kroger co - ‍agreement covers 4,200 associates working at 39 stores​.  Full Article

Kroger's Ralphs Division offering home delivery in Southern California
Tuesday, 7 Nov 2017 02:21pm EST 

Nov 7 (Reuters) - Kroger Co :Says ‍Ralphs Grocery Co, a division of co is offering home delivery in select locations in Southern California through partnership with Instacart​.  Full Article

Kroger announces retirement of Central division president Katie Wolfram
Tuesday, 17 Oct 2017 02:00pm EDT 

Oct 17 (Reuters) - Kroger Co ::Kroger announces retirement of Katie Wolfram and names new leadership for the Central and QFC divisions.Says Suzy Monford will join company to serve as president of QFC division​.Says Pam Matthews to succeed Katie Wolfram as Central division president​.  Full Article

Kroger clarifies annual sales from convenience store unit in 2016
Wednesday, 11 Oct 2017 11:22am EDT 

Oct 11 (Reuters) - Kroger Co ::Clarification: Kroger's convenience store business generates $4 billion in annual sales.‍In press release issued earlier on Oct 11, co said its convenience store unit generated revenue of $1.4 billion in 2016; figure only reflects inside sales​.Including fuel, Kroger's convenience store business generated $4 billion in total sales in 2016.  Full Article

Kroger says exploring strategic alternatives for convenience store business​
Wednesday, 11 Oct 2017 09:29am EDT 

Oct 11 (Reuters) - Kroger Co ::Reaffirms 2017 guidance‍​ - SEC filing.As a result of review of assets, decided to explore strategic alternatives including potential sale, of convenience store business​.Hired Goldman Sachs & Co to identify, review and evaluate options - SEC filing‍​.FY2017 earnings per share view $2.11, revenue view $115.08 billion -- Thomson Reuters I/B/E/S.Expect identical supermarket sales growth, excluding fuel, of 0.5% to 1.0% for remainder of fiscal 2017​‍​.Neither Supermarket Fuel Centers nor Turkey Hill Dairy is included in review of strategic alternatives​.Expects to generate more than $4 billion of free cash flow over the next three years ‍​."Restock Kroger Plan" is expected to generate $400 million in incremental operating margin by 2020‍​.Plans to invest an incremental $500 million in human capital over next three years​.Intends to expand its "alternative revenue streams", including driving media and advertising revenue​.  Full Article

Kroger in investor meeting- expect 2018 EPS to be flat or slightly grow ‍​
Wednesday, 11 Oct 2017 08:19am EDT 

Oct 11 (Reuters) - Kroger Co :In investor meeting- expect 2018 EPS to be flat or slightly grow ‍​.In investor meeting- not seeing anything to cause us to be below $1.80 EPS‍​.In investor meeting- expect 2018 ID sales to be stronger than 2017.In investor meeting- expect 2018 capex of about $3 billion.Fy2018 earnings per share view $1.96, revenue view $121.75 billion -- Thomson Reuters I/B/E/S.  Full Article

Ralphs Grocery introduces pre-measured prepared meal kits called Prep+Pared
Thursday, 21 Sep 2017 12:02pm EDT 

Sept 21 (Reuters) - Ralphs Grocery Company::‍Ralphs Grocery Company says is introducing pre-measured and prepared meal kits, called Prep+Pared, in its stores​.  Full Article

Kroger Q2 earnings per share $0.39
Friday, 8 Sep 2017 07:51am EDT 

Sept 8 (Reuters) - Kroger Co :Kroger reports second quarter results.Q2 sales $27.6 billion versus I/B/E/S view $27.49 billion.Q2 adjusted earnings per share $0.47 excluding items.Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Kroger Co - ‍confirms 2017 EPS guidance​.Kroger Co - Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share​.Kroger Co - ‍identical supermarket sales growth, without fuel, of 0.7% in Q2 of 2017​.Q2 earnings per share $0.39.Kroger Co - Kroger confirms adjusted net earnings guidance range of $2.00 to $2.05 per diluted share for 2017​.Kroger Co - ‍expects second-half 2017 id sales of 0.5% to 1.0%​.Kroger Co - ‍Kroger expects identical supermarket sales growth, excluding fuel, of 0.5 to 1.0% for remainder of fiscal year​.Kroger Co - ‍company's lifo expectation remains unchanged at $80 million for 2017​.Kroger Co - ‍kroger's 2017 guidance does not include any effect from Hurricanes Harvey and Irma​.Kroger Co - "believe we have ability to grow identical supermarket sales and market share in 2018"​.Kroger Co - ‍expects capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in $3.0 to $3.3 billion range for 2017​.FY earnings per share view $1.98 -- Thomson Reuters I/B/E/S.Kroger Co - "‍will no longer provide longer-term guidance"​.Kroger Co - Kroger recorded an $18 million lifo charge in Q2 of 2017​.  Full Article

BRIEF-Greenlight Capital cuts share stake in Apple, General Motors

* Greenlight Capital cuts share stake in Apple Inc by 44.2 percent to 2.2 million shares - SEC filing