Benzinga | Nov 3, 2021 02:51PM EDT

Why Kroger Shares Are Rising

Kroger Co (NYSE:KR) shares are trading higher after the company announced a collaboration with Bed Bath & Beyond Inc. (NASDAQ:BBBY).

Bed Bath & Beyond announced a strategic collaboration with Kroger to directly offer Kroger customers a selection of goods focused on home and baby products through Kroger.com, as well as a small-scale physical store pilot.

Kroger is the leading American grocer, with 2,742 supermarkets operating under several banners throughout the country as of the end of fiscal 2020. Around 82% of stores have pharmacies, while over half also sell fuel.

Kroger has a 52-week high of $47.99 and a 52-week low of $30.35.