Bulletin
Investor Alert

Market Pulse Archives

March 31, 2021, 7:48 a.m. EDT

Kroger plans to grow with digital, private label brands and fresh food

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Kroger Co. (KR)
  • X
    Albertsons Cos. Inc. (ACI)
  • X
    Alphabet Inc. Cl C (GOOG)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Ahead of its investor event on Wednesday, Kroger Co. /zigman2/quotes/206215053/composite KR +1.57% reiterated its full-year 2021 guidance for an identical sales decline of 3% to 5% and earnings per share of $2.75 to $2.95. The FactSet consensus is for an identical sales decline of 4% and EPS of $2.80. The grocery retailer outlined plans for shareholder return of 8% to 11% and net earnings growth of 3% to 5% through a number of strategies, including fresh food sales increases, accelerating digital, which the company says is now a growth engine, and wider competitive moats, such as continued innovation in its private label Our Brands. COVID-19 drove a surge in online grocery, with competitor Albertsons Cos. Inc. /zigman2/quotes/209620932/composite ACI +1.19% announcing Tuesday that it has partnered with Google /zigman2/quotes/205453964/composite GOOG +4.16% /zigman2/quotes/202490156/composite GOOGL +4.20% on a number of digital initiatives. Kroger stock has gained 26.4% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.47% is up 53.2% for the period.

/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 52.96
+0.82 +1.57%
Volume: 6.22M
May 27, 2022 4:00p
P/E Ratio
24.25
Dividend Yield
1.59%
Market Cap
$38.26 billion
Rev. per Employee
$328,305
loading...
/zigman2/quotes/209620932/composite
US : U.S.: NYSE
$ 30.61
+0.36 +1.19%
Volume: 1.59M
May 27, 2022 4:04p
P/E Ratio
11.46
Dividend Yield
1.57%
Market Cap
$15.54 billion
Rev. per Employee
$247,886
loading...
/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 2,255.98
+90.06 +4.16%
Volume: 1.50M
May 27, 2022 4:00p
P/E Ratio
20.40
Dividend Yield
N/A
Market Cap
$1482.33 billion
Rev. per Employee
$1.72M
loading...
/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 2,246.33
+90.48 +4.20%
Volume: 1.90M
May 27, 2022 4:00p
P/E Ratio
20.32
Dividend Yield
N/A
Market Cap
$1482.33 billion
Rev. per Employee
$1.72M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.