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The Latest Breaking News from Kroger Co

Kroger Partners With NVIDIA For AI Services

Kroger Co (NYSE:KR) has entered into a strategic collaboration with NVIDIA Corp (NASDAQ:NVDA) for Artificial Intelligence-enabled applications and services. The parties will build a state-of-art AI lab and demonstration center to expand Kroger's freshness initiatives and improve shipping logistics. The lab will be located in Kroger's Cincinnati-based headquarters office. It will use NVIDIA AI Enterprise software…

Jim Cramer Thinks This Grocery Retailer Can Withstand Inflation Better Than Rivals

Jim Cramer Thinks This Grocery Retailer Can Withstand Inflation Better Than Rivals

CNBC host Jim Cramer said that grocery retailer Kroger Co. (NYSE: KR) is withstanding the “worst inflation in decades” better than its rivals.

Splash Beverage Expands TapouT Distribution Into Southern California

Splash Beverage Expands TapouT Distribution Into Southern California

Splash Beverage Group Inc (NYSE:SBEV) revealed expansion of its existing agreement with AB ONE, the wholly-owned distribution network of Anheuser-Busch InBev (NYSE:BUD), to include AB ONE SoCal (Southern California). Southern California is AB ONE's largest single market in the U.S. and covers an area with a population of more than 20 million through national…

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Analysts Bump Up Kroger Price Target Post Q4 Results

Analysts raised their price target on Kroger Co (NYSE:KR) following the release of Q4 results. BMO Capital analyst Kelly Bania raised the price target to $57 from $41 and kept a Market Perform rating on the shares, implying a 2% downside. The analyst notes that the company's Q4 earnings beat was driven by strong comps,…

Kroger Expands Fulfillment Network To Three New Cities

Kroger Co (NYSE:KR) said it is expanding its delivery capacity by adding spoke facilities in Austin and San Antonio in Texas, and Birmingham in Alabama. The new Texas and Alabama facilities will serve as new geographies for the organization. The facilities are expected to become operational later this year and create many job opportunities. The new…

Kroger Shares Gain On Q4 Earnings Beat, Robust FY22 Outlook

Kroger Co (NYSE:KR) reported fourth-quarter FY21 sales growth of 7.5% year-on-year, to $33.05 billion, beating the consensus of $32.86 billion. Identical Sales without fuel increased 4%; the two-year stack increased 14.6%. Digital sales two-year stack grew 105%. Adjusted EPS of $0.91 beat the consensus of $0.74. The gross margin was 22.2%, and the…

Citi Turns Bearish On This Grocery Giant - Read Why

Citi analyst Paul Lejuez downgraded Kroger Co (NYSE:KR) to Sell from Neutral with a price target of $42, down from $47, implying a 4% downside. The company has been viewed as a defensive name within retail, but this does not reflect the risks Kroger faces in 2022 and beyond, Paul Lejuez said. The risks include…

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Kroger Stock Falls On Wells Fargo Downgrade

Kroger Stock Falls On Wells Fargo Downgrade

Wells Fargo analyst Edward Kelly downgraded Kroger Co (NYSE:KR) to Underweight from Equal Weight with a $42 price target, implying a 9% downside. The analyst notes the risk/reward for this COVID beneficiary now looks skewed to the downside. While he expects Q4 earnings to exceed consensus once again as Omicron extends what has arguably been…

Analyst Upgrades Kroger On Market Share Gains, Sees Inflation As A Headwind In 2022

Analyst Upgrades Kroger On Market Share Gains, Sees Inflation As A Headwind In 2022

Kroger Co (NYSE: KR) shares have been strong performers in the past year, and one analyst said Wednesday the stock is set up well for another solid year in 2022, though there are some headwinds it will face.

Splash Beverage Stock Jumps As Pulpoloco Sangria Line To Hit Shelves In Ralph's Grocery Stores

Splash Beverage Stock Jumps As Pulpoloco Sangria Line To Hit Shelves In Ralph's Grocery Stores

Splash Beverage Group Inc (NYSE:SBEV) has received authorization to sell its Pulpoloco Sangria line in Ralph's Grocery stores. Ralph's Grocery, a division of Kroger Co (NYSE:KR), has 187 stores across Southern California. "After a successful test run, Ralph's authorized all three SKU's of Pulpoloco white, rosé and classic red," said CEO Robert Nistico. Ralph's Grocery…

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