KR Stock Recent News
KR LATEST HEADLINES
In the latest trading session, Kroger (KR) closed at $55.09, marking a +0.58% move from the previous day.
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.
Despite recent moves by potential competitors, Roku's risk-reward profile looks very compelling. The proposed Albertsons-Kroger acquisition has created a special situation that could be profitable no matter the outcome.
Investors with an interest in Retail - Supermarkets stocks have likely encountered both Kroger (KR) and Walmart (WMT). But which of these two stocks presents investors with the better value opportunity right now?
Kroger's (KR) merger with Albertsons is poised to generate significant benefits, including lower prices, increased local product offerings and substantial investments in wages and benefits.
Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would be sold to make way for their proposed merger.
With the VIX indicator moving to a six-month high, investors may want to consider gradually pivoting toward defensive stocks. To be clear, I'm not suggesting hitting the panic button.
Albertsons (ACI) shares declined in intraday trading Monday as the supermarket chain and Kroger (KR) agreed to sell off more stores in order to get regulatory approval for Kroger's $24.6 billion acquisition of its rival.
Grocery chains Kroger and Albertsons now plan to sell more locations and assets. Albertsons also reported strong earnings for the fiscal fourth quarter.
Kroger and Albertsons Cos said on Monday that they have amended their definitive agreement with C&S Wholesale Grocers for the sale of assets in connection with their proposed merger.