Kroger to sell convenience stores to UK's EG Group for $2.15 billion [Reuters (UK)]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
Check Earnings Report
US:NYSE Investor Relations:
ir.kroger.com
Company Research
Source: Reuters
Kroger to sell convenience stores to UK's EG Group for $2.15 billion | Reuters Reuters Staff 2 Min Read (Reuters) - Kroger Co ( KR.N ) will sell its nearly 800 convenience stores to British gas station operator EG Group for $2.15 billion (£1.5 billion), the U.S. supermarket chain said on Monday, as its sharpens focus on its mainstay grocery business amid a brutal price war. Kroger said it plans to use proceeds from the sale to buy back shares and lower debt. The sale is part of Cincinnati-based Kroger’s “Re-stock” plan that aims to revamp its nearly 2,800 brick-and-mortar supermarkets, cut prices and boost in-store technology. Kroger is also investing in online channels amid stiff competition from chief rival Walmart ( WMT.N ), discounters Lidl and Aldi, and Whole Foods, which is owned by Amazon.com Inc ( AMZN.O ). Kroger’s convenience stores business that includes Turkey Hill, Loaf ‘N Jug, Kwik Shop and Tom Thumb, had annual revenue of $4 billion. Its supermarket fuel centers a
Show less
Read more
Impact Snapshot
Event Time:
KR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KR alerts
High impacting Kroger Company (The) news events
Weekly update
A roundup of the hottest topics
KR
News
- KR vs. WMT: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Global Food and Grocery Retail Market Foresees to rise at an expected CAGR of 3.3% until 2034, FMI Analysis | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- This Walmart Landlord Has Generated A 14% Net IRR For Its Investors Since 2015 - Here Are Its Latest Investment Offerings [Yahoo! Finance]Yahoo! Finance
- 2024 North America Merchant POS/mPOS Software ISV List, Featuring NCR, Oracle, Oracle/MICROS, Fujitsu, Aptos, OneView Commerce, Square, Toast, Clover and More [Yahoo! Finance]Yahoo! Finance
- 2024 NFL draft: Breaking down the 1st round in final mock draft prediction [USA TODAY]USA TODAY
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- KR's page on the SEC website