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Kroger

Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its own food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este jueves: KR, OXM, SIG, CSBR y ADBE.

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Kroger shares are trading higher after the company announced a new $7.5 billion share repurchase program as well as plans to reduce prices.

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction by the U.S. District <a href="https://www.benzinga.com/24/12/42456428/kroger-and-albertsons-call-off-merger-plans-75-billion-share-buyback-cancels-47-billion-merger-debt">Court in Oregon</a>.
Kroger's Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities. Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
Kroger shares gained 3.1% to trade at $63.20 on Thursday.
These analysts made changes to their price targets on Kroger following the announcement.
<ul>
<li>Wells Fargo analyst Edward Kelly maintained Kroger with an Overweight and raised the price target from $70 to $73.</li>
<li>BMO Capital analyst Kelly Bania maintained the stock with a Market Perform and raised the price target from $60 to $63.</li>
<li>UBS analyst Michael Lasser maintained Kroger with a Neutral and raised the price target from $63 to $66. </li>
</ul>
Considering buying KR stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png" alt="" class="wp-image-690044" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Analyst Ratings

These Analysts Boost Their Forecasts On Kroger

UBS analyst Michael Lasser maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Neutral and raises the price target from $63 to $66.

Price Target

UBS Maintains Neutral on Kroger, Raises Price Target to $66

BMO Capital analyst Kelly Bania maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Market Perform and raises the price target from $60 to $63.

BMO Capital Maintains Market Perform on Kroger, Raises Price Target to $63

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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MTCH

UNFI

PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday

Wells Fargo analyst Edward Kelly maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Overweight and raises the price target from $70 to $73.

Wells Fargo Maintains Overweight on Kroger, Raises Price Target to $73

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) shares are trading higher premarket on Thursday. The company disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42448447/kroger-reiterates-its-commitment-to-lower-prices-and-initiates-new-7-5b-share-buyback-program" rel="noreferrer noopener">by the U.S. District Court in Oregon</a>.
U.S. District Judge&nbsp;Adrienne Nelson ruled in favor of the U.S.&nbsp;Federal Trade Commission (FTC) in a decision filed in<a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know" rel="noreferrer noopener"> Oregon federal court on Tuesday</a>.
The FTC had argued that the proposed deal violated antitrust laws. The companies submitted a plan to the FTC that included the divestiture of hundreds of stores to C&amp;S Wholesale Grocers in order to maintain appropriate competition in the space.
Nelson on Tuesday found that the divestiture plans wouldn't do enough to replace competition that would be impacted as a result of the deal.
Earlier yesterday, Albertsons announced the termination of its proposed merger with Kroger and filed a lawsuit&nbsp;against the grocery giant, accusing Kroger of violating the contractual obligations of the merger agreement by failing to do all it <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case" rel="noreferrer noopener">could to secure regulatory approval</a>.
Later yesterday, Kroger issued a statement that it looks forward to accelerating its flywheel to grow alternative profit businesses and generate increased cash flows.
Rodney McMullen, Kroger&#8217;s Chairman and CEO said, &#8220;The strength of our balance sheet and sustainability of our model allows us to pursue a variety of growth opportunities, including further investment in our store network through new stores and remodels, which will be an important part of our 8 – 11% TSR model over time.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42339652/kroger-pauses-buybacks-for-albertsons-merger-q3-sales-miss-estimates-fy24-outlook-narrowed" rel="noreferrer noopener">Warren Buffett&#8217;s Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook</a>
Kroger reiterated its commitment to investing in America to lower grocery prices, higher wages, infrastructure, and community support.
Kroger has invested $5 billion in price reductions since 2003 and $2.4 billion in wage increases since 2018, raising average hourly pay by 38% with benefits.
Additionally, Kroger allocates $3.6 billion to $3.8 billion annually in capital investments to build and remodel stores, enhance food processing facilities, improve the customer experience, and create new job opportunities.
Buyback: Kroger&#8217;s Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities.
Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
The notes, which include a special mandatory redemption clause, will be redeemed at 101% of their principal amount, plus accrued interest up to the redemption date.
Investors can gain exposure to the stock via Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>) and Tidal ETF Trust Newday Ocean Health ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHOY#NYSE">AHOY</a>).
Price Action: KR shares are up 0.99% at $61.33 premarket at the last check Thursday.
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Photo via Shutterstock.

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AHOY

Kroger's $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot

Offerings

Kroger Announces New $7.5 Billion Share Repurchase Program

In Connection With Termination Of Albertsons Merger Agreement, Kroger Plans To Begin Process Of Redeeming $4.7B Of Its Senior Notes Issued On August 27, 2024

Kroger Expects To Continue To Generate Strong Free Cash Flow And Remains Committed To  Capital Allocation Priorities

Kroger's ongoing investments in America include:
<ul>
<li>$5 billion in lower prices since 2003</li>
<li>$2.4 billion in incremental wage increases on top of industry-leading benefits since 2018, a 38% increase in average hourly rate, while growing opportunities for a largely unionized grocery workforce</li>
<li>$3.6 - $3.8 billion in annual capital investments to build new and remodel stores, food processing and other facilities, improve the customer experience and create additional job opportunities</li>
<li>$2.3 billion to support local communities through charitable giving since 2017, including $1.5 billion to feed hungry families</li>
</ul>

Kroger Reiterates Commitment To Investing In America To Lower Grocery Prices, Raise Associate Wages, And Support Local Communities

Buybacks

Kroger Terminates Its Merger Agreement With Albertsons; Board Authorizes $7.5B Share Repurchase Program Including $5B Accelerated Share Repurchase

Kroger Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and Albertsons Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) will remain competitors after a U.S. judge blocked the companies&#8217; proposed merger. It didn&#8217;t take long for them to <a href="https://www.benzinga.com/pressreleases/24/12/b42436436/albertsons-files-lawsuit-against-kroger-for-breach-of-merger-agreement">start acting like it again</a>.
What Happened: Albertsons announced the termination of its proposed merger with Kroger and filed a lawsuit against the grocery giant, accusing Kroger of violating the contractual obligations of the merger agreement by failing to do all it could to secure regulatory approval.
&#8220;Rather than fulfill its contractual obligations to ensure that the merger succeeded, Kroger acted in its own financial self-interest, repeatedly providing insufficient divestiture proposals that ignored regulators&#8217; concerns. Kroger&#8217;s self-serving conduct, taken at the expense of Albertsons and the agreed transaction, has harmed Albertsons&#8217; shareholders, associates and consumers,&#8221; said Tom Moriarty, general counsel and chief policy officer of Albertsons.
On Tuesday, U.S. District Judge Adrienne Nelson <a href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know">blocked the proposed merger</a> of the two companies after finding the deal would impact competition in the grocery space. Attorneys for both companies previously said the deal would most likely be squashed if the judge ruled in favor of the U.S. Federal Trade Commission.
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Albertsons alleges Kroger failed to exercise &#8220;best efforts&#8221; and failed to take &#8220;any and all actions&#8221; to make sure the merger was approved as required of the company under terms of the merger agreement. Albertsons also alleges Kroger breached the merger agreement by &#8220;repeatedly refusing&#8221; to divest necessary assets for antitrust approval, ignoring regulators&#8217; feedback and failing to cooperate with Albertsons.
Kroger responded to the accusations Wednesday morning, calling the lawsuit &#8220;baseless and without merit.&#8221;
&#8220;Kroger refutes these allegations in the strongest possible terms,&nbsp;especially in light of Albertsons&#8217; repeated intentional material breaches and interference throughout the merger process, which we will prove in court,&#8221; the company said. 
&#8220;We went to extraordinary lengths to uphold the merger agreement throughout the entirety of the regulatory process and the facts will make that abundantly clear.&#8221;
Albertsons is seeking billions of dollars in damages from Kroger, alleging shareholders were unfairly denied a multi-billion-dollar premium that Kroger agreed to pay for Albertsons shares.
Albertsons also believes it&#8217;s entitled to a $600 million termination fee. Kroger challenged the allegation in its statement and said the company looks forward to responding in court.
KR, ACI Price Action: At the time of publication, Kroger shares were up 0.58% at $61.08 while Albertsons shares were down 0.38% at $18.44, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Shutterstock.

Legal

Albertsons Puts End To Merger Deal, Sues Kroger Following Court Ruling: 'We Believe Strongly In The Merits Of Our Case'

Morgan Stanley analyst Simeon Gutman maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Equal-Weight and raises the price target from $58 to $62.

Morgan Stanley Maintains Equal-Weight on Kroger, Raises Price Target to $62

Throughout the last three months, 14 analysts have evaluated Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">8</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $63.07, a high estimate of $73.00, and a low estimate of $55.00. Witnessing a positive shift, the current average has risen by 4.85% from the previous average price target of $60.15.
<img src="https://www.benzinga.com/files/images/story/2024/1733932812_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Kroger. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ken Goldman</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$69.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Edward Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Rob Dickerson</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$73.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>John Heinbockel</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Goldman</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$58.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Kroger. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kroger compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Kroger's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Kroger's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kroger analyst ratings.</a>
<h2>All You Need to Know About Kroger</h2>
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
<h3>Key Indicators: Kroger's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Kroger faced challenges, resulting in a decline of approximately -0.82% in revenue growth as of 31 October, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Kroger's ROE excels beyond industry benchmarks, reaching 4.86%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.09%, the company showcases effective utilization of assets.
Debt Management: Kroger's debt-to-equity ratio surpasses industry norms, standing at 2.31. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 14 Analyst Ratings For Kroger

Albertsons' claims are baseless and without merit.
Kroger refutes these allegations in the strongest possible terms, especially in light of Albertsons' repeated intentional material breaches and interference throughout the merger process, which we will prove in court.
This is clearly an attempt to deflect responsibility following Kroger's written notification of Albertsons' multiple breaches of the agreement, and to seek payment of the merger's break fee, to which they are not entitled.
Kroger looks forward to responding to these baseless claims in court. We went to extraordinary lengths to uphold the merger agreement throughout the entirety of the regulatory process and the facts will make that abundantly clear.
We are incredibly proud of the Kroger team for how they worked through the merger process with the highest degree of integrity and commitment. &nbsp;
We are confident in Kroger's value creation model to drive sustainable growth. &nbsp;Kroger's Board of Directors is currently evaluating next steps that serve the best interests of Kroger's customers and associates, and create value for shareholders.

Kroger Refutes Albertsons' Lawsuit As Baseless And Meritless; Claims Albertsons Breached Merger Agreement And Pledges To Prove Allegations In Court While Evaluating Next Steps For Shareholder Value Creation

Macro Economic Events

Market Summary

Economics

General

$BTC

Benzinga Market Summary: CPI Figures In Line With Estimates, Bitcoin Rises, Kroger-Albertsons Deal Terminated

Albertsons Sues Kroger For Breach Of Merger Agreement, Citing Failure To Secure Regulatory Approval And Ignoring Antitrust Concerns; Seeks Billions In Damages Plus $600M Termination Fee For Harm To Business, Consumers, And Shareholders

Albertsons Terminates Merger Agreement With Kroger

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Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against the m...

Walmart outlook improved by Kroger-Albertsons deal break, says BofA

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AMCR

BERY

CRBG

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CTSH

EEFT

HEPA

HURA

MDLZ

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Press Releases

Kroger Reports Third Quarter 2024 Results and Narrows Guidance Range

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Kroger Statement Responding to Albertsons' Baseless Lawsuit

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Kroger Offering More than $1,200 in Weekly Savings Ahead of the Holidays

LWAY

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