Kroger Launches Flamin’ Hot® Wings, $2.99 Brisket Deals; Investors Boost 1.44M Shares
Kroger unveiled Flamin’ Hot® Boneless Chicken Wings and Champion Chips for the Big Game, plus T-bone steaks at $9.99/lb, brisket at $2.99/lb and BOGO deals on ribs and bacon. Mirae Asset boosted its stake 8.8% to 130,012 shares and National Pension Service increased holdings 6.8% to 1.44M shares.
1. Kroger Unveils Exclusive Game Day Snack Lineup
Kroger today introduced a first‐of‐its‐kind collaboration that brings Flamin’ Hot® flavor to its premium boneless chicken wings, positioning the retailer to capture share in the $10 billion frozen snacks category. The new Flamin’ Hot® Boneless Chicken Wings will be available only at Kroger stores nationwide starting February 4, alongside a limited‐edition Champion Chip Collection featuring Pigs in a Blanket, Mozzarella Sticks and Buffalo Wings flavors. Kroger expects these exclusives to drive a 15% lift in frozen snack sales during the two weeks surrounding the Big Game, leveraging its digital coupons and BOGO promotions to boost basket size by an estimated 8%.
2. Institutional Investors Increase Kroger Stake
Recent SEC filings show Mirae Asset Global Investments increased its Kroger holding by 8.8%, purchasing 10,570 additional shares to reach 130,012 shares, valued at approximately $8.76 million. The National Pension Service added 91,946 shares, lifting its stake by 6.8% to a total of 1,439,658 shares, worth about $97.05 million. These moves bring institutional ownership to over 80% and signal growing confidence among major asset managers ahead of Kroger’s fiscal Q4 guidance update.
3. Q3 Results Beat Expectations and FY25 Guidance Intact
In the third quarter, Kroger delivered $1.05 EPS, beating consensus by $0.02, on revenue of $33.86 billion, roughly flat year‐over‐year. The company reported a net margin of 0.54% and a return on equity of 38.06%, driving core sales growth of 1.2%. Management reaffirmed full‐year EPS guidance in the range of $4.75–$4.80, while equities analysts maintain a ‘Moderate Buy’ consensus based on outlook for continued digital penetration and margin expansion through private‐label initiatives.