Shipping woes, discounts bite into Kroger's margins, shares fall
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September 14, 2021 7:00 AM EDT
The Kroger Co. (NYSE: KR), America's largest grocery retailer, and Instacart, the leading online grocery platform in North America, today launched Kroger Delivery Now a new service powered by a virtual convenience store that is fulfilled by the Kroger Family of Stores and provides customers the fresh groceries and household essentials, value, and experience they expect and love from Kroger in as fast as 30 minutes.
Kroger Delivery Now redefines convenience by being the only delivery service in America that doesn't require customers to make a trade-off on selection, quality, price, or speed. Kroger... More
September 13, 2021 7:49 AM EDT
MKM Partners analyst Bill Kirk raised the price target on Kroger (NYSE: KR) to $44.00 (from $40.00) while maintaining a Neutral rating.
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September 13, 2021 6:54 AM EDT
BMO Capital analyst Kelly Bania raised the price target on Kroger (NYSE: KR) to $39.00 (from $36.00) while maintaining a Market Perform rating.
The analyst commented, "Against the backdrop of high expectations and valuation expansion for conventional grocers in recent months, KR's beat and raise was... More
