Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Kroger    KR

KROGER

(KR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Kroger : and Ocado Break Ground on Automated Customer Fulfillment Center

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/12/2019 | 03:32pm EDT

By Aisha Al-Muslim

Supermarket operator Kroger and online grocer Ocado have broken ground on their first automated customer fulfillment center in the U.S., part of Kroger's strategy to expand further into grocery delivery.

The U.S.'s largest supermarket chain is building the first high-tech warehouse facility in Monroe, Ohio, with digital and robotic capabilities. Cincinnati-based Kroger is investing $55 million to build the 335,000 square-foot center.

"Our partnership with Ocado will introduce transformative ecommerce, fulfillment and logistics technology in the U.S.," Rodney McMullen, Kroger's chairman and chief executive, said in prepared remarks.

The new Southwest Ohio facility is expected to create more than 400 jobs. It is expected to become operational in spring 2021.

Kroger intends to open 20 customer fulfillment centers, the company said. Two additional sites have been selected in Central Florida and the Mid-Atlantic.

Ocado Solutions is a division of U.K.-based automated-grocery company Ocado Group PLC that Kroger has invested in to build a network of automated warehouses for online retail in the U.S.

In May 2018, Kroger and Ocado announced their alliance to bring Ocado's technologies to the U.S.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
KROGER -1.74% 21.685 Delayed Quote.-19.71%
OCADO GROUP PLC -0.35% 1148.5 Delayed Quote.45.89%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KROGER
06/21SPARKLY UNICORN ICE CREAM : Kroger’s bid to win grocery wars
RE
06/21SPARKLY UNICORN ICE CREAM : Kroger’s bid to win grocery wars
RE
06/21Investor LGIM dumps ExxonMobil from its Future World funds
RE
06/21Kroger Struggles to Bring Customers -- WSJ
DJ
06/20KROGER : To Webcast Annual Meeting of Shareholders on June 27
PR
06/20KROGER : Correction to Kroger reshaping its business
DJ
06/20Kroger Seeks Patience As It Works to Reshape Business --Update
DJ
06/20KROGER : same-store sales miss in U.S. grocery struggle
RE
06/20KROGER : Sales Slip Again as Grocer Looks for Traction --Update
DJ
06/20KROGER : Sales Slip Again as Grocer Looks for Traction
DJ
More news
Financials ($)
Sales 2020 123 B
EBIT 2020 2 836 M
Net income 2020 1 845 M
Debt 2020 13 258 M
Yield 2020 2,62%
P/E ratio 2020 9,49
P/E ratio 2021 9,46
EV / Sales 2020 0,25x
EV / Sales 2021 0,24x
Capitalization 17 812 M
Chart KROGER
Duration : Period :
Kroger Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KROGER
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 26,5 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
W. Rodney McMullen Chairman, President & Chief Executive Officer
Michael Joseph Donnelly Chief Operating Officer & Executive Vice President
J. Michael Schlotman Chief Financial Officer & Executive Vice President
Christopher T. Hjelm Chief Information Officer & Executive VP
Bobby S. Shackouls Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KROGER-19.71%18 521
SYSCO CORPORATION12.75%35 444
SEVEN & I HOLDINGS CO., LTD.-23.43%29 708
TESCO21.67%27 932
WOOLWORTHS GROUP LTD12.17%27 399
AHOLD DELHAIZE-7.93%26 726