The Kroger Co. (KR) has been making noteworthy moves recently. The grocery chain is expanding its footprint in the digital space with the launch of a new
eCommerce division aimed at transforming its $13 billion online business. With a heavy emphasis on digital sales and strategic growth, the company is looking to invest heavily in innovation.
In other news, Kroger has created a buzz with its 'Elite ATE' snack bracket, a new spring produce guide, ongoing offers such as massive savings during customer appreciation week, and the release of a limited-edition hour back box. The firm has also experienced a dividend growth streak, with an impressive 13.5% annual growth rate.
Kroger is also mired in a hefty lawsuit against Albertons stemming from a failed $24.6 billion merger deal. Furthermore, the company recently made headlines with the sudden resignation of its CEO, McMullen, over a conduct probe. Interim CEO and chair, Ronald Sargent, leads the company in midst of this upheaval.
Financially, while Q4 adjusted profit dropped on lower sales, the earnings report surpassed estimates. Kroger anticipates strong financial outlook and growth plans, as well as a continued emphasis on digital sales.
The Kroger KR News Analytics from Wed, 16 Oct 2024 07:00:00 GMT to Sat, 29 Mar 2025 12:30:47 GMT -
Rating 1
- Innovation 2
- Information 7
- Rumor -6
