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The Zacks Retail - Supermarkets industry players benefit from robust omnichannel initiatives and sustained demand for essential products amid elevated costs. Walmart (WMT) and The Kroger Co. (KR) look well-placed for growth.
Kroger's NYSE: KR stock surged following the Q4 results and guidance, not because of any mind-blowing growth but because this high-quality cash-producing machine proved its worth. It is on track to deliver shareholder value with or without the merger with Albertsons Companies NYSE: ACI and is cheap to buy.
U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons.
Here is how Kroger (KR) and Farmer Brothers (FARM) have performed compared to their sector so far this year.
Value investors in particular may be eying Kroger (KR) and United Natural Foods (UNFI) stock with both beating their quarterly earnings expectations this week.
Kroger delivered a slightly better-than-expected quarter to end 2023. The grocery chain also issued strong forward earnings guidance.
Several years ago, the idea of targeting top vegan stocks to buy might have seemed laughable. Today, circumstances are different and it's time to catch up.
The Kroger Co. (NYSE:KR ) Q4 2023 Results Conference Call March 7, 2024 10:00 AM ET Company Participants Rob Quast - Senior Director, Investor Relations Rodney McMullen - Chairman & Chief Executive Officer Todd Foley - Interim Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Leah Jordan - Goldman Sachs Michael Lasser - UBS Krisztina Katai - Deutsche Bank John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Edward Kelly - Wells Fargo Rupesh Parikh - Oppenheimer Robert Ohmes - Bank of America Kelly Bania - BMO Operator Good morning, and welcome to the Kroger Co., Fourth Quarter and Full-Year 2023 Earnings Conference Call. Please note, this event is being recorded.
Walmart, Target and Kroger are trying to stand out on grocery convenience, not just price.
Despite acting in vastly different sectors, the shares of New York Community Bancorp, Inc. (NYSE:NYCB) and Kroger Co (NYSE:KR) are both surging today.