KR - Insider Transaction: Valerie L Jabbar Sells $832K Worth Of Kroger Shares | Benzinga
Valerie L Jabbar, Senior Vice President at Kroger (NYSE:KR), executed a substantial insider sell on April 24, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Jabbar sold 15,000 shares of Kroger. The total transaction value is $832,800.
Kroger shares are trading down 0.12% at $56.08 at the time of this writing on Thursday morning.
Delving into Kroger's Background
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company touts its ingrained position across US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Kroger: Financial Performance Dissected
Revenue Growth: Kroger displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue ...