Kroger Co. has been in the news lately for a variety of business activities. The main news includes ongoing exchanges and consent solicitations for
Albertsons Companies Inc. notes and the company's
merger discussion with Albertsons which has caused some
uncertainty in stock price. Notwithstanding, Kroger's latest
Q2 2024, albeit flat sales, surpassed earnings estimates. Several
investment firms have notably boosted their holdings in Kroger. Customer appreciation week was highlighted, and Kroger's Q2 earnings in particular have attracted praise from
Jim Cramer. The company has demonstrated its
philanthropic values through the declaration of scholarships and its celebration of Hunger Action Month. Observations point to a positive valuation of the
stock. Other noteworthy affairs include the
rebirth of Harvest Apple Products in time for fall and the end of the anti-trust trial with Albertsons. Kroger has been slated as a good investment by brokers, a sentiment echoed by Jim Cramer. However, as with every business, there has been some criticism; as seen the in the stock's recent movement (-0.79%)
The Kroger KR News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 08:00:10 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -6
