Core Points - Kroger's Chairman and CEO Rodney McMullen has resigned following a Board investigation into his personal conduct, which was inconsistent with the company's ethics policy [1][2] - Ronald Sargent has been appointed as the new Chairman of the Board and interim CEO, while Mark Sutton will serve as the lead independent director [1][3][8] - The Board has formed a Search Committee to find Kroger's next CEO, with Sargent committed to maintaining the company's strategic direction during this transition [3][4] Financial Performance Expectations - Kroger anticipates that full-year Identical Sales without fuel will be at the high end of its guidance range [5][8] - The company expects full-year Adjusted Earnings Per Share to be slightly above the high end of its guidance range [5][8] - Kroger will report its fourth quarter and full-year 2024 results, along with full-year 2025 guidance, on March 6, 2025 [5][8] Leadership Background - Ronald Sargent has been a Kroger director since 2006 and has extensive experience in retail, including leadership roles at Staples, Inc. [4] - Sargent's previous roles at Kroger include various positions across stores, sales, marketing, manufacturing, and strategy [4] - Mark Sutton, the newly appointed lead independent director, emphasized Sargent's integral role in developing Kroger's strategy [5]

Core Viewpoint - Kroger is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended January 2025, with the consensus outlook indicating potential impacts on its near-term stock price [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $1.09 per share, reflecting an 18.7% decrease year-over-year [3]. - Revenues are projected to be $34.62 billion, down 6.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.33% over the last 30 days, indicating a collective reassessment by analysts [4]. - The Most Accurate Estimate for Kroger is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.43%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [7][8]. - Kroger's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Kroger met the expected earnings of $0.98 per share, resulting in no surprise [12]. - Over the past four quarters, Kroger has beaten consensus EPS estimates three times [13]. Conclusion - Kroger does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered when evaluating the stock ahead of its earnings release [16].

Core Insights - Kroger is promoting soup season with a variety of cozy and convenient recipes aimed at families during winter [1][2] - The company emphasizes the simplicity and comfort of soups, stews, and chilis as ideal meals for cold weather [2][3] Recipe Highlights - Kroger offers a range of hearty recipes including Classic Chicken Noodle Soup, Baked Potato Soup, Egg Drop Soup, and Chickpea and Vegetable Minestrone Soup [6] - Stews such as Slow Cooker Beef Stew and Moroccan Lentil Stew are highlighted for their rich flavors and ease of preparation [6] - Chili options include Classic Slow Cooker Chili and Cincinnati Chili, which is traditionally served over spaghetti [6] Customer Engagement and Savings - Kroger's Boost membership can save customers up to $1,100 annually on fuel and grocery delivery, enhancing customer loyalty [4] - The Kroger app and website provide access to over $600 in weekly savings through digital coupons, encouraging customer engagement [3][4] Company Overview - Kroger serves over 11 million customers daily through a seamless digital shopping experience and various retail food stores [7] - The company is committed to its purpose of feeding the human spirit and creating communities with ZeroHungerZeroWaste [7]

Core Points - Kroger is launching its first-ever Kroger Hour Back Box to help customers adjust to daylight saving time by providing free breakfast essentials [1][3] - The promotion includes a total of 39,000 free breakfast items available to customers [2][5] Group 1: Promotion Details - The Kroger Hour Back Box will be available for free on a first-come, first-served basis starting March 4 at 12 p.m. EST [4] - Each box contains popular breakfast items such as Private Selection™ Cold Brew Coffee Concentrate, Simple Truth™ Oatmilk Creamer, and Kroger Frozen Breakfast Sandwiches [3][6] - Customers can also receive a gift card for a one-year Kroger Boost membership, valued at $59, which offers benefits like free grocery delivery and 2X fuel points [3][7] Group 2: Additional Offers - Starting March 7 at 12 p.m. EST, customers who miss the Hour Back Box can still claim one of thousands of free breakfast items by downloading a digital coupon [5] - The promotion is designed to assist families in managing their morning routines after losing an hour of sleep due to daylight saving [6] Group 3: Company Background - Kroger operates nearly 420,000 associates and serves over 11 million customers daily through various retail food stores and digital shopping experiences [10]

Core Insights - Kroger is promoting air fryer recipes to simplify mealtimes and enhance cooking experiences for customers [1][2][3] - The company emphasizes the health benefits and convenience of using air fryers for preparing meals, particularly vegetables and proteins [3][4] Group 1: Air Fryer Promotion - Kroger is sharing convenient air fryer recipes along with a cheat sheet to assist customers in meal preparation [1][2] - The air fryer is highlighted as a versatile kitchen tool that can elevate simple meals into culinary experiences [3] Group 2: Customer Engagement and Savings - Kroger offers a delivery membership, Boost by Kroger Plus, which can save customers up to $1,100 annually on various services [4][5] - The company provides over $600 in weekly savings through digital coupons, enhancing customer value [4] Group 3: Company Overview - Kroger operates nearly 420,000 associates serving over 11 million customers daily through a seamless digital shopping experience [6] - The company is committed to its purpose of feeding the human spirit and creating communities with ZeroHungerZeroWaste [6]

Retailer's fastest online delivery offers same great prices as in-store shopping CINCINNATI, Feb. 18, 2025 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared how its Express Delivery service can help customers in a pinch by bringing items they need from the store to a customer's door and fast. From a missing ingredient for dinner to cold remedies on a sick day or ingredients customers might have forgotten in their grocery haul, Express Delivery powered by Instacart—the retailer's fastest same day delive ...

Home Chef's convenient meal kits now feature exclusive recipes showcasing bold flavors and fan favorites straight from Ayesha's kitchenCHICAGO, Feb. 18, 2025 /PRNewswire/ -- Home Chef, the leading meal solutions company available online and in stores* nationwide, is partnering with chef, best-selling author, and Founder of Sweet July Ayesha Curry to inspire food lovers everywhere. This four-week partnership will feature exclusive recipes straight from Ayesha's kitchen and her popular cookbooks, that bring b ...

The Zacks Retail – Supermarkets industry players are facing mounting challenges as inflationary pressures and shifting consumer spending habits weigh on revenues. Budget-conscious shoppers are opting for smaller pack sizes and lower-priced products, squeezing top-line growth. At the same time, rising operational costs — from store upgrades to higher wages and digital investments — are eroding profit margins. However, retailers are leveraging omnichannel strategies, enhancing online capabilities and refining ...

Kroger said Wednesday (Feb. 12) that PepsiCo veteran David Kennerley will join the company as senior vice president on March 10 and take on the additional role of chief financial officer (CFO) on April 3.Kennerley will succeed interim CFO Todd Foley, who will continue to serve in that role through the end of Kroger’s fiscal year 2024 reporting cycle and will remain a senior vice president of the company until the end of its first quarter, when he will retire, according to a press release.“We look forward to ...

Todd Foley to ensure seamless transition before retiring CINCINNATI, Feb. 12, 2025 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced its succession plan for Chief Financial Officer.David Kennerley, senior vice president and CFO for PepsiCo Europe, will succeed Todd Foley as senior vice president and chief financial officer, effective April 3. Kennerley will join Kroger on March 10 as senior vice president while Foley continues as interim CFO through the end of Kroger's fiscal year 2024 reporting cyc ...