The Latest Breaking News from Kroger

Amid the uncertain macroeconomic environment, the grocery/big-box retail industry has been thriving as the inelastic demand for the products these retailers sell is helping them pass on the rising prices to consumers. Therefore, fundamentally sound stocks from this hottest industry Walmart (WMT), Kroger (KR), Albertsons Companies (ACI), and Casey's General…

Two weeks ago, more than 160 gun owners in Richmond, Virginia, turned in 474 firearms in the city’s first-ever gun buyback event. City officials offered Walmart, Amazon and Kroger gift cards in various amounts for different unwanted firearms: $250 for assault-style weapons, $200 for handguns, $150 for rifles and $25…

U.S. demand for grocery delivery is cooling as food prices rise

If the pandemic has taught us nothing else, Americans have apparently taken to the idea of home grocery deliveries.

Kroger (NYSE:KR) has outperformed the market over the past 20 years by 1.13% on an annualized basis producing an average annual return of 8.14%. Currently, Kroger has a market capitalization of $34.64 billion.

From Judge Lee Rudofsky's opinion Thursday in EEOC v. Kroger Ltd. Partnership I (E.D. Ark. June 23, 2022): This case arises from Kroger's termination of two employees. The Equal Employment Opportunity Commission alleges that these terminations amount to religious discrimination and retaliation in violation of Title VII of the Civil…

Kroger Co (NYSE:KR) plans to execute a 35,000 square-foot expansion at Tamarack Farms Dairy to support the implementation of an aseptic milk line. Tamarack Farms Dairy serves about 160 stores in Ohio and West Virginia and provides products for Kroger's e-commerce channel.  The facility will be able to manufacture products such as half…

Kroger Co (NYSE:KR) Board of Directors approved a dividend increase of 24% from $0.84 to $1.04 per year.  The next quarterly dividend of $0.26 per share will be paid on September 1, 2022, to shareholders of record as of the close of business on August 15, 2022. Related: Kroger Q1 Earnings Top Estimates; Raises…

The increasing concerns over a potential recession has kept equities under pressure lately. Given this backdrop, inexpensive blue-chip stocks of Enterprise Products Partners (EPD), Flowers Foods (FLO), The Kroger (KR), Altria Group (MO), and Comcast Corp. (CMCSA) could be solid additions to your portfolio. Continue reading.