Closing price for 12/3/10 was $21.11, down $1.95 from 11/26/10.
Stock price on September 3, 2010 was $20.69. If I invested $1,000 that day, I could have bought 48.3325 shares. Today my shares would be worth $1,020.29.
I would have made $20.29. While $20 is a half a tank of gas in my vehicle, it would still not be a stock I would have invested in.
Friday, December 3, 2010
Thursday, December 2, 2010
Final Post
Kroger actually released its third quarter results today (12/2/10). Investors were hoping for better news after heightened expectations helped push Kroger stock to a 52-week high Wednesday of $24.14. On Thursday, its shares fell $2.23, or 9 percent, to close at $21.63. They have traded as low as $19.08 the past year.
http://finance.yahoo.com/news/Grocer-Kroger-rings-up-3Q-apf-2055133968.html?x=0&.v=9
I am not sure I would invest in Kroger stock. It seems to have been fairly consistent over the past year (trading within a $5 range), but I would probably invest somewhere else.
Although Kroger seems to have a good organizational culture in place I don't think I would want to work there. Maybe its just me, but at places like Kroger and Wal-Mart it seems that people never stay at the same store for very long. At our Kroger in Madisonville it seems like manager changes frequently (there is a picture of the current manager by the door). For advancement in this type of company the employee would probably have to be willing to relocate.
I am a customer of Kroger, a frequent one. Although sometimes you can find really good deals and lower prices at Kroger, on average Wal-Mart's prices will be a little lower (especially on non-food items). The Kroger in Madisonville is about 1 1/2 miles from my house while Wal-Mart is about 4 miles. Even though its just a few minutes extra to get to Wal-Mart than Kroger, I would much rather pay a few cents more and and go to Kroger and not have to hassle with Wal-Mart. Kroger is where I do my main grocery shopping and I usually just go to Wal-Mart when I need household items. Although there are some Kroger's that are big in size, they do not compare to Wal-Mart. I don't want to have to deal with the people and lines at Wal-Mart for a gallon of milk when I can get in and out of Kroger in allot faster time.
http://finance.yahoo.com/news/Grocer-Kroger-rings-up-3Q-apf-2055133968.html?x=0&.v=9
I am not sure I would invest in Kroger stock. It seems to have been fairly consistent over the past year (trading within a $5 range), but I would probably invest somewhere else.
Although Kroger seems to have a good organizational culture in place I don't think I would want to work there. Maybe its just me, but at places like Kroger and Wal-Mart it seems that people never stay at the same store for very long. At our Kroger in Madisonville it seems like manager changes frequently (there is a picture of the current manager by the door). For advancement in this type of company the employee would probably have to be willing to relocate.
I am a customer of Kroger, a frequent one. Although sometimes you can find really good deals and lower prices at Kroger, on average Wal-Mart's prices will be a little lower (especially on non-food items). The Kroger in Madisonville is about 1 1/2 miles from my house while Wal-Mart is about 4 miles. Even though its just a few minutes extra to get to Wal-Mart than Kroger, I would much rather pay a few cents more and and go to Kroger and not have to hassle with Wal-Mart. Kroger is where I do my main grocery shopping and I usually just go to Wal-Mart when I need household items. Although there are some Kroger's that are big in size, they do not compare to Wal-Mart. I don't want to have to deal with the people and lines at Wal-Mart for a gallon of milk when I can get in and out of Kroger in allot faster time.
Monday, November 29, 2010
Lessons from Kroger
One of the most interesting things I learned about Kroger this semester was how diversified they were. Before, when I thought of Kroger, I thought of just supermarket. I had no idea that it was involved in as many different businesses as it is. There are 16 supermarket brands under the company, the multi-department store Fred Meyer, several convenience stores, and 4 jewelry store brands. It also offers financial and medical services. Kroger is becoming a one stop shop for customers. Kroger has a very strong organizational culture and is very involved in local communities. Kroger competes with Wal-Mart for customers. However Kroger is not about having the lowest price. Kroger's strategy is to provide shoppers with a better overall shopping experience. Sometimes Kroger will have a lower price and sometimes it won't. But Kroger counts on its focus on customers as being the main factor that keeps its customers returning. Kroger is more concerned with focusing on its loyal existing customers than dropping prices significantly to attract new customers. The loyal customer is Kroger's main target group.
Sunday, November 28, 2010
The Little Clinic
I was in the Madisonville Wal-Mart Friday and noticed that there is now a clinic inside the store. It got me to wondering if Kroger also offered medical services in its stores. There is not a clinic in the Madisonville Kroger but there are some clinics in stores in other parts of Kentucky as well as Arizona, Colorado, Ohio, and Tennessee.
The Little Clinic offers medical care on your schedule, in your neighborhood –– right where you grocery shop. Clinics are staffed by Board Certified Nurse Practitioners (BCNPs) and Physician Assistants (PAs) that treat common illnesses and minor injuries. They also provide wellness care; like routine check-ups, screenings and vaccinations. Plus, they can prescribe medication when you need it.
No appointment is necessary, the clinic is open 7 days a week (including weeknights), and accepts most insurance plans.
http://www.thelittleclinic.com/default.asp?store=Kroger
The Little Clinic offers medical care on your schedule, in your neighborhood –– right where you grocery shop. Clinics are staffed by Board Certified Nurse Practitioners (BCNPs) and Physician Assistants (PAs) that treat common illnesses and minor injuries. They also provide wellness care; like routine check-ups, screenings and vaccinations. Plus, they can prescribe medication when you need it.
No appointment is necessary, the clinic is open 7 days a week (including weeknights), and accepts most insurance plans.
http://www.thelittleclinic.com/default.asp?store=Kroger
Kroger Helping Fight Hunger During the Holidays
Kroger has focused on feeding the hungry for decades. From the Great Depression to the Great Recession, Kroger has partnered with local food banks, Feeding America and other organizations to fight hunger in local communities. Now customers who shop at any of Kroger's family of stores can help, too, by taking advantage of simple donation opportunities while they shop.
--Making a financial donation to a local food bank is as easy as scanning a pre-marked tag or asking the cashier to 'round up' a grocery order. Customers can take advantage of this option in all Kroger, City Market, Dillons, Fry's, Jay C, King Soopers, QFC, Ralphs and Smith's stores.
--Pre-filled bags of nutritious food can be purchased and added to collection barrels at Kroger stores in Alabama, Georgia, Illinois, Indiana, Kentucky, Louisiana, North Carolina, South Carolina, Tennessee and Texas and QFC stores in Washington and Oregon.
--Specially-marked coin boxes will collect spare change at check stands at Kroger stores in Kentucky, Michigan, Ohio, Tennessee and Texas, and in all City Market, Dillons, Fred Meyer, Food 4 Less, Fry's, Jay C, King Soopers, QFC, Ralphs and Smith's stores.
--A number of stores across the country will host major food drives on site, partnering with local media outlets to raise awareness and much-needed food for local hunger agencies.
In 2009, Kroger stores and customers partnered to provide nearly 16 million meals to local families during the holidays. Kroger donated 50 million pounds of food valued at more than $75 million in 2009, which translates into roughly 42 million meals for hungry families.
Through special partnerships with key vendors, Kroger directs even more funding to food banks in communities where its customers and associates live and work. Bringing Hope to the Table, Kroger's annual cause-marketing campaign, raises $3 million in financial support and food valued at $1 million to assist more than 80 food banks that are members of Feeding America, the nation's largest domestic hunger relief organization.
In addition, Kroger's industry-leading food rescue program – the Perishable Donations Partnership (PDP) – continues to grow and direct more fresh meat, produce, dairy and bakery items that can no longer be sold in retail stores to food banks that are equipped to handle it. Through the PDP, Kroger donated more than 36 million pounds of fresh food in 2009, the equivalent of 30 million meals, and the company is on target to exceed that level in 2010.
http://finance.yahoo.com/news/Kroger-Fights-Hunger-During-prnews-2604181917.html?x=0&.v=2
--Making a financial donation to a local food bank is as easy as scanning a pre-marked tag or asking the cashier to 'round up' a grocery order. Customers can take advantage of this option in all Kroger, City Market, Dillons, Fry's, Jay C, King Soopers, QFC, Ralphs and Smith's stores.
--Pre-filled bags of nutritious food can be purchased and added to collection barrels at Kroger stores in Alabama, Georgia, Illinois, Indiana, Kentucky, Louisiana, North Carolina, South Carolina, Tennessee and Texas and QFC stores in Washington and Oregon.
--Specially-marked coin boxes will collect spare change at check stands at Kroger stores in Kentucky, Michigan, Ohio, Tennessee and Texas, and in all City Market, Dillons, Fred Meyer, Food 4 Less, Fry's, Jay C, King Soopers, QFC, Ralphs and Smith's stores.
--A number of stores across the country will host major food drives on site, partnering with local media outlets to raise awareness and much-needed food for local hunger agencies.
In 2009, Kroger stores and customers partnered to provide nearly 16 million meals to local families during the holidays. Kroger donated 50 million pounds of food valued at more than $75 million in 2009, which translates into roughly 42 million meals for hungry families.
Through special partnerships with key vendors, Kroger directs even more funding to food banks in communities where its customers and associates live and work. Bringing Hope to the Table, Kroger's annual cause-marketing campaign, raises $3 million in financial support and food valued at $1 million to assist more than 80 food banks that are members of Feeding America, the nation's largest domestic hunger relief organization.
In addition, Kroger's industry-leading food rescue program – the Perishable Donations Partnership (PDP) – continues to grow and direct more fresh meat, produce, dairy and bakery items that can no longer be sold in retail stores to food banks that are equipped to handle it. Through the PDP, Kroger donated more than 36 million pounds of fresh food in 2009, the equivalent of 30 million meals, and the company is on target to exceed that level in 2010.
http://finance.yahoo.com/news/Kroger-Fights-Hunger-During-prnews-2604181917.html?x=0&.v=2
Kroger Continues Partnership with Salvation Army
The Salvation Army's iconic Red Kettles will once again ring in the season at The Kroger Co.'s family of stores. Customers and associates generously support the campaign each year, helping provide food, clothing, toys and social services in the communities where funds are raised.
In 2009, Kroger customers and associates contributed $11.3 million to the campaign, which represents 8% of the record $139 million raised nationwide. All funds collected are used locally in the community where the donations are raised. The Red Kettle campaign enables The Salvation Army to assist 30 million Americans in over 5,000 communities across the country.
Lynn Marmer, group vice president of Corporate Affairs for Kroger, was quoted as saying "The annual Red Kettle campaign lets our customers and associates make a real difference in the lives of their neighbors in need, one small donation at a time. We value our long-standing partnership with The Salvation Army and the impact the campaign makes in the communities we serve."
http://finance.yahoo.com/news/Kroger-Family-of-Stores-prnews-251488587.html?x=0&.v=1
In 2009, Kroger customers and associates contributed $11.3 million to the campaign, which represents 8% of the record $139 million raised nationwide. All funds collected are used locally in the community where the donations are raised. The Red Kettle campaign enables The Salvation Army to assist 30 million Americans in over 5,000 communities across the country.
Lynn Marmer, group vice president of Corporate Affairs for Kroger, was quoted as saying "The annual Red Kettle campaign lets our customers and associates make a real difference in the lives of their neighbors in need, one small donation at a time. We value our long-standing partnership with The Salvation Army and the impact the campaign makes in the communities we serve."
http://finance.yahoo.com/news/Kroger-Family-of-Stores-prnews-251488587.html?x=0&.v=1
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