Kroger (KR) continues to make essential strides in a competitive market. The company recently launched 'Elite Ate' Snack Bracket offering significant digital deals, providing customers a unique seasonal experience with their fresh springtime guide. They have also implemented a new division designed to strengthen their digital business and e-commerce potential. Notably, KR's fourth-quarter earnings beat estimates, supported by robust digital sales and planned growth strategies. The board of directors has ensured continuity, appointing Ronald Sargent as the interim CEO, with a base salary of $4.35 million. Nevertheless, the company's CEO resignation has raised questions. Wells Fargo tips the company for a beat-and-raise quarter. The firm continues to maintain impressive dividends, with a growth streak of 13.5%. However, insider sell-offs reveal a sale of shares worth over $1 million. KR's dividend yield stands at 1.9%, making it one of the top dividend stocks to invest in, with substantial institutional backing. The company's e-commerce focus and the establishment of a new unit promise accelerated online growth while its deal with Express Scripts increases pharmacy access to over 100 million patients. Still, Jim Cramer urges caution regarding KR at present.
The Kroger KR News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Fri, 21 Mar 2025 22:35:49 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 1
