The Kroger Co (KR.N) Key Developments | Reuters.com
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The Kroger Co (KR.N)

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Latest Key Developments (Source: Significant Developments)

Kroger expects 2016 company-sponsored pension plans expense to be about $80 mln
Tuesday, 28 Jun 2016 03:44pm EDT 

The Kroger Co : Expects 2016 company-sponsored pension plans expense to be about $80 million - sec filing . For 2016, expects to contribute $260 million to multi-employer pension funds . Continues to evaluate and address potential exposure to under-funded multi-employer pension plans . In 2016, will negotiate agreements with ufcw for store associates in little rock, nashville, southern california and fry’s in arizona .For 2016, expects annualized lifo charge of about $50 million, primarily related to pharmacy inventory.  Full Article

Kroger raises quarterly dividend 14 pct, approves $500 mln share buyback
Thursday, 23 Jun 2016 11:18am EDT 

The Kroger Co : Kroger raises quarterly dividend 14 percent, approves $500 million share repurchase program . Raised quarterly dividend by 14 percent, to 12 cents per share . "Company continues to expect an increasing dividend over time" .New share repurchase program replaces prior authorization, which has been exhausted.  Full Article

Kroger Co expect to contribute about $260 mln to multi-employer pension funds in 2016
Thursday, 16 Jun 2016 11:11am EDT 

The Kroger Co: Says In 2016, Expect To Contribute Approximately $260 Mln To Multi Employer pension funds - sec filing . In 2016, will negotiate agreements with ufcw for store associates in little rock, nashville, southern california, fry's in arizona . "long-term net earnings per diluted share growth rate guidance is 8-11%, plus a dividend that we expect to increase over time" Source - http://1.usa.gov/21oyl9J Further company coverage: [ ] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Kroger Q1 earnings per share $0.70
Thursday, 16 Jun 2016 08:45am EDT 

The Kroger Co : The Kroger Co qtrly identical supermarket sales growth, without fuel 2.4% . Q1 EPS of $0.70 . The Kroger Co says confirmed its identical supermarket sales growth guidance, excluding fuel, of approximately 2.5% to 3.5% for 2016 . Continues to expect capital investments excluding mergers, acquisitions, purchases of leased facilities, to be in $4.1 billion to $4.4 billion range for year . Kroger reports first quarter results . Reaffirms FY 2016 earnings per share view $2.19 to $2.28 . Q1 sales $34.6 billion versus I/B/E/S view $34.88 billion . Q1 earnings per share $0.70 .Q1 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.  Full Article

Moody's upgrades Kroger to BAA1
Wednesday, 1 Jun 2016 04:55pm EDT 

Moody's: Moody's upgrades Kroger to BAA1 .We expect Kroger to continue to report positive identical store sales growth, maintain margins and a balanced financial policy.  Full Article

Kroger expands green peas product recall
Thursday, 26 May 2016 07:28pm EDT 

The Kroger Co : Kroger expands green peas product recall . Says no customer illnesses have been reported to date . Expanded its recall of Kroger Green Peas to include Northern Alabama , Kentucky , Louisiana , North Carolina , Central , Texas,Virginia . Expanded recall of Pictsweet Steamable Green Peas to include products sold in Kroger, Dillons, Bakers, Gerbes, Food 4 Less and Jay-C locations . Customers who have purchased any of products should not consume them; return them to a store for a full refund or replacement .Both products were included in a recall initiated earlier this month by supplier because they may be contaminated with listeria.  Full Article

The Kroger Co says its Central Division ratifies agreement with UFCW local 700
Monday, 16 May 2016 03:46pm EDT 

The Kroger Co : The kroger co says its central division ratifies agreement with ufcw local 700 .Contract covers over 5,800 associates working in 61 stores in indianapolis area and other communities.  Full Article

Kroger recalls Simple Truth organic frozen mix vegetables after supplier Listeria concern
Monday, 9 May 2016 07:26pm EDT 

The Kroger Co : Kroger recalls Simple Truth organic frozen mix vegetables after supplier Listeria concern .No customer illnesses have been reported to date.  Full Article

Kroger confirms fiscal 2016 annual guidance
Monday, 9 May 2016 01:18pm EDT 

The Kroger Co : The Kroger Co Sees Identical (Excluding Fuel Sales) Supermarket Sales Growth, Excluding Fuel Sales, Of 2.5%-3.5% In 2016 . The Kroger Co Sees Fiscal 2016 Net Earnings To Be $2.19 To $2.28 Per Diluted Share . Confirms Fiscal 2016 Annual Guidance . Fy Earnings Per Share View $2.24 -- Thomson Reuters I/B/E/S . "Long-Term Net Earnings Per Diluted Share Growth Rate Guidance Is 8-11%, Plus A Dividend That We Expect To Increase Over Time" Source (http://bit.ly/1T1f1uv) Further company coverage: [KR.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Kroger recalls broccoli raisin salad after supplier listeria concern
Monday, 9 May 2016 09:18am EDT 

The Kroger Co : Kroger recalls broccoli raisin salad after supplier Listeria concern . No customer illnesses have been reported to date. . Says recalling salad because supplier indicated sunflower kernels included in package may be contaminated with listeria monocytogenes .Recalling kroger broccoli raisin salad because supplier indicated sunflower kernels in package may be contaminated with listeria monocytogenes.  Full Article

BRIEF-Kroger expects 2016 company-sponsored pension plans expense to be about $80 mln

* Expects 2016 company-sponsored pension plans expense to be about $80 million - sec filing