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The Latest Breaking News from Kroger

‘Unified and militant’: Grocery workers get double-digit pay raises in new contract

LOS ANGELES — Whipsawed by the pandemic, spurred by fury over wage stagnation and alarmed by inflation, Southern California’s unionized grocery workers gained their biggest pay raises in decades Thursday as they ratified a new contract with the region’s largest food chains.

Los Angeles Times

'Unified and militant': Grocery workers get double-digit pay raises in new contract

LOS ANGELES — Whipsawed by the pandemic, spurred by fury over wage stagnation and alarmed by inflation, Southern California's unionized grocery workers gained their biggest pay raises in decades Thursday as they ratified a new contract with the region's largest food chains.

Los Angeles Times

'A big win': New contract gives grocery workers their biggest pay raises in decades

Los Angeles Times

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Baby formula shortage: What is causing supply issue and which stores are rationing products?

Out-of-stock per centages reached higher than 40 per cent in seven states in first week of April

The Independent UK

McConnell made millions from price hikes

Meanwhile the Republican has accused Democrats of "gaslighting" the public for blaming inflation on price gouging

Salon

$1000 Invested In Kroger 20 Years Ago Would Be Worth This Much

Kroger (NYSE:KR) has outperformed the market over the past 20 years by 1.16% on an annualized basis producing an average annual return of 8.49%. Currently, Kroger has a market capitalization of $41.49 billion.

Benzinga

US executives reap record pay as historic income gap with staff widens

Post-pandemic stock market rally delivers larger windfalls to bosses than to employees

Financial Times

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Carl Icahn Calls Out Kroger For Ignoring 'Human And Animal Suffering'

Longtime activist investor Carl Icahn has warned of the looming fallout of corporate America on the back of poor management.

Benzinga

Southern California grocery workers authorize a strike amid contract negotiations

LOS ANGELES — Battered by two years of pandemic stress, tens of thousands of Southern California grocery workers voted overwhelmingly to authorize a strike if supermarkets don't meet their wage demands as negotiations on a new contract resume in the coming weeks.

Los Angeles Times

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…

Benzinga

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.

Benzinga

Southern California grocery workers prepare for a strike: 'We've walked through hell'

Grocery workers across Southern California began voting Monday to authorize a strike against Ralphs, Albertsons, Vons and Pavilions in an effort to pressure the companies to raise wages.

Los Angeles Times

Walmart and Kroger pancake mix recalled over ‘cable fragments’

Those who think they may have purchased two kinds of pancake and waffle mix are being asked to immediately throw them away

The Independent UK

Here's How Much $1000 Invested In Kroger 5 Years Ago Would Be Worth Today

Kroger (NYSE:KR) has outperformed the market over the past 5 years by 3.25% on an annualized basis.

Benzinga

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Benzinga

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,…

Benzinga

Expert Ratings For Kroger

Within the last quarter, Kroger (NYSE:KR) has observed the following analyst ratings:

Benzinga

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…

Benzinga

Kroger: Q4 Earnings Insights

Kroger (NYSE:KR) reported its Q4 earnings results on Thursday, March 3, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Kroger beat estimated earnings by 22.97%, reporting an EPS of $0.91 versus an estimate of $0.74.

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Benzinga

This Is What Whales Are Betting On Kroger

Someone with a lot of money to spend has taken a bullish stance on Kroger (NYSE:KR). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Earnings Outlook For Kroger

Kroger (NYSE:KR) is set to give its latest quarterly earnings report on Thursday, 2022-03-03. Here's what investors need to know before the announcement. Analysts estimate that Kroger will report an earnings per share (EPS) of $0.74.

Benzinga

Is Now The Time To Buy Stock In Costco, Kroger Or ChargePoint?

Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders. Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.

The Guardian - US

Grocery workers seek better pay and conditions as chains reap huge profits

Kroger workers asking for $5 raise while CEO’s salary is 904 times the median employee wage

Benzinga

Analyst Ratings For Kroger

Analysts have provided the following ratings for Kroger (NYSE:KR) within the last quarter:

Salon

Big Food profiteering off inflation

Big chains and suppliers like Tyson, P&G and Kroger are fattening profits by raising prices — just because they can

Benzinga

Sports-Focused CBD Brand Level Select To Hit More Than 1,200 The Kroger Co. Stores Across The U.S.

Sports Performance-Based CBD LEVEL SELECT™ Partners with America's Largest Grocery Retailer Kroger Stores

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