Please ensure Javascript is enabled for purposes of website accessibility

Kroger Extends Its $2 'Hero' Bonus, Gives Workers a 99 Cent Pepsi Discount

By Rhian Hunt – Apr 17, 2020 at 2:57PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Employees can expect two more weeks of boosted pay.

Kroger (KR -1.97%) told Business Insider today it plans to extend the $2 per hour "hero" bonus to its employees until May 2, rather than allowing it to expire tomorrow, April 18, as originally planned. The move will give many of the company's employees an extra two weeks of augmented pay, effectively amounting to an $80 weekly bonus for those working on a 40-hour schedule.

Kroger has taken various steps to encourage and recognize its workers during the coronavirus pandemic. Grocery and drugstore workers are at the frontline of delivering food and healthcare supplies to Americans, leading many retailers to offer their workforce increased pay, bonuses, and other perks while the COVID-19 emergency continues. Kroger even recently called on lawmakers to designate its employees as first responders to give them access to better protective gear. 

Pouring soda out of a bottle.

Image source: Getty Images.

As a further gesture of appreciation, Kroger has arranged with PepsiCo (PEP -1.93%) to give its employees a special soda discount. While the promotion continues, Kroger workers can buy all Pepsi soft drinks that come in 20-ounce bottles for $1 per bottle. Ordinarily, these sodas cost $1.99.

While gifts of candy or pizza at other chains have irritated some workers, the fact that the cheap soda comes in addition to, rather than instead of, the existing $2 pay increase may help to mollify Kroger's associates. The announcement came in a flyer sent to stores that also stated the the retail employees braving potential coronavirus infection to carry out their jobs "continue to inspire us all during these extraordinary times."

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Kroger Stock Quote
Kroger
KR
$43.72 (-1.97%) $0.88
Pepsico, Inc. Stock Quote
Pepsico, Inc.
PEP
$162.80 (-1.93%) $-3.20

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
339%
 
S&P 500 Returns
109%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/06/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.