Kroger exploring sale of convenience stores, shares rise [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Reuters
Kroger exploring sale of convenience stores, shares rise | Reuters Reuters Staff 2 Min Read (Reuters) - Kroger Co ( KR.N ), the No. 1 U.S. supermarket operator, said on Wednesday it is exploring the sale of its nearly 800 convenience stores, as it revamps its business amid a market share war among traditional and online food retailers. Kroger shares jumped 6.4 percent to $21.84. Kroger has 784 KwikShop, Tom Thumb and QuickStop convenience stores in 18 states. They generated revenue of $1.4 billion and sold 1.2 billion gallons of fuel in 2016. The company, with nearly 2,800 U.S. supermarkets, has been lowering prices and exploring new ways to sell food as it battles rivals such as Wal-Mart Stores Inc ( WMT.N ), discounters Lidl and Aldi, and the newly merged Amazon.com Inc ( AMZN.O ) and Whole Foods Market. "This is the result of a review of assets that are potentially of more value outside of the company than as part of Kroger," the company said in a statement ahead of its inves
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KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/2/24 - Form 10-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- KR's page on the SEC website