Get Stock Quote Here The Kroger Company is an American retailer founded by Bernard Kroger in 1883 in Cincinnati, Ohio. It is the country's largest supermarket chain by revenue ($103,033,000,000 for 2014), second-largest general retailer (behind Walmart), and twenty-third largest company. Kroger is also the fifth largest retailer in the world. As of December 2015, Kroger operates, either directly or through its subsidiaries, 2,620 supermarkets and multi-department stores. Kroger's headquarters are in downtown Cincinnati. It maintains markets in 34 states, with store formats that include supermarkets, superstores, department stores, 786 convenience stores, and 326 jewelry stores. Kroger-branded grocery stores are located throughout the Midwestern and Southern United States. Kroger operates 37 food processing or manufacturing facilities, 1,360 supermarket fuel centers and 2,122 pharmacies. Kroger's employees are mostly represented by collective bargaining agreements (union employees). Seventy-five percent of Kroger employees are represented by the United Food and Commercial Workers (UFCW) union.
Reported before open today (6/16/16) Earnings: EPS $0.70 Revenue $34.604B Estimates: EPS $0.69 Revenue $34.663B Up 2.18% today so far
...and I'm out at $29.94. Got cold feet on this one because don't know anything about grocery stocks except it looks like they're going to be in a slump for a while.
I am holding 10 Jan 30$ calls on this Got 5 today and 5 earlier this week I want at least 4$ on the calls
Upcoming dividend information: Ex-Div-Date: 11/10/16 Payment Date: 12/1/16 Dividend: $0.12 Current Price: $32.22 Annual Yield: 1.49%
Kroger cuts outlook and prices amid fierce grocery competition http://www.jsonline.com/story/money...oger-cuts-outlook-amid-price-fight/399989001/ Kroger shares ended the day Thursday down nearly 20%, or $5.72 a share to $24.56.
Consolidation setting up nice for a big explosive upside breakout. Most expect retail is dead but consumers are just getting started.
Kroger faces intense competition from big players such as Amazon, Wal-Mart, Safeway and Supervalu, other conventional retailers. Kroger quarterly revenue growth was 4.50%, but its profitability is dropping.