In the latest trading session, Kroger (KR) closed at $55.36, marking a +0.27% move from the previous day.
Kroger's well-defined customer segmentation strategy and growth initiatives make it a strong candidate for investment.
The sale of KR's specialty pharmacy to Elevance Health enables the company to focus on core strengths while enhancing patient care and supporting growth.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Food prices are soaring. But don't blame gouging and corporate greed, says a new analyst report.
Kroger and Albertsons were expected to present their closing arguments Tuesday in a U.S. District Court hearing on their proposed merger, which the federal government hopes to block.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
A weekslong court battle is playing out in Oregon right now that could determine the future of your grocery shopping—with one side arguing the largest proposed supermarket merger in U.S. history will drive up prices, and the other side assuring it will benefit consumers.
Kroger's NYSE: KR stock price has struggled since early 2022 when the pandemic-driven bubble burst. There are still hurdles, including the stalled merger with Albertsons Companies NYSE: ACI, but they are diminishing, and investors are faced with a win-win situation regardless of them.
Kroger's stock surged due to Q2 2024 revenue and adjusted earnings exceeding expectations despite a miss on earnings per share. The company's digital sales and new product introductions contributed significantly to revenue growth, showcasing strong performance in e-commerce. Despite mixed profitability metrics, Kroger's shares remain attractively priced, supporting a 'buy' rating.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Kroger has faced pushback from the Federal Trade Commission over its planned merger with Albertsons.