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Kroger Co (KR.N)

KR.N on New York Stock Exchange

22.86USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Quest Resource Holding Corp renews food waste recycling contract with the Kroger Co
Tuesday, 8 Aug 2017 08:30am EDT 

Aug 8 (Reuters) - Quest Resource Holding Corp :Quest Resource Holding Corporation renews food waste recycling contract with the Kroger Co.Quest Resource Holding Corp - Quest to continue to implement custom food waste and meat recycling solutions for retailer's banners across United States.Quest Resource Holding Corp - Announce renewal of a three-year waste minimization contract with Kroger Co.  Full Article

Mastercard says consumer confidence continuing to improve, primarily driven by Germany, Spain - conf call
Thursday, 27 Jul 2017 12:11pm EDT 

July 27 (Reuters) - Mastercard Inc ::Mastercard - Consumer confidence is continuing to improve (in Europe), and that's primarily driven by Germany and Spain - conf call.Mastercard - In U.K., despite ongoing concerns around Brexit, SpendingPulse showed solid overall retail sales growth of 5% in quarter - conf call.Mastercard - "in Asia, we continue to see strong economic growth in India and several of the ASEAN countries" - conf call.Mastercard - This quarter, Kroger will be converting their credit portfolio with U.S. Bank to Mastercard, still with U.S. Bank - conf call.Mastercard - Been working on developing technology network solution for China; are progressing well in that regard - conf call.Mastercard - areas of strength continue to be Europe, where we're seeing strong U.K. inbound, outbound volumes as well as Russia, Italy, France - conf call.Mastercard - "As we look forward to the second half of the year, we are forecasting this momentum to continue" - conf call.Mastercard - Based on current foreign exchange rates, now anticipate FX headwinds will subside, primarily due to weakening U.S. dollar - conf call.Mastercard - For year, continue to expect net revenue will grow at low double-digit Y-O-Y rate on currency-neutral basis, excluding acquisitions - conf call.Mastercard - For Q3, expect net revenue growth to be similar to what we saw in Q2, on a currency-neutral basis, excluding acquisitions - conf call.  Full Article

Mastercard selected for Kroger co-brand credit card issued by U.S. Bank
Thursday, 27 Jul 2017 10:11am EDT 

July 27 (Reuters) - Mastercard:Mastercard says Kroger Co. Has chosen company to be network for grocery retailer's 1-2-3 rewards co-brand credit card program.Card program will launch by end of 2017, with new cards to be issued by spring 2018.  Full Article

Kroger says "will make several changes" after review
Monday, 17 Jul 2017 09:03am EDT 

July 17 (Reuters) - Kroger Co ::Says conducted a review of structure and benefits of company's sponsored defined benefit plans.Says as a result of the review, company will make several changes.Says its overall balance sheet obligations will not change; co committed to maintaining our current investment grade rating.Kroger Co-to make contribution to plan this year of up to $1 billion that co believes will address underfunded position of sponsored defined benefit​ plan.Kroger Co - ‍debt will be issued to pay for funding of pension liability - SEC filing​.Kroger Co - there will be a one-time expense in 2017 associated with settlement of company's obligations for eligible participants' pension balances.Kroger Co says the one-time cost is not contemplated in earnings guidance for year.Kroger- ‍certain participants' benefit balances to be distributed out of plan via transfer to other qualified retirement plan options/lump sum payout.  Full Article

Kroger files prospectus supplement related to potential three-part senior notes offering
Monday, 17 Jul 2017 08:52am EDT 

July 17 (Reuters) - Kroger Co :Kroger co files prospectus supplement related to potential three-part senior notes offering - sec filing‍​.  Full Article

Kroger sees liquidity needs over next 12-month to range between $6 to $6.5 bln
Tuesday, 27 Jun 2017 05:20pm EDT 

June 27 (Reuters) - Kroger Co -:Estimates its liquidity needs over the next twelve-month period to range from $6.0 billion to $6.5 billion.Kroger Co - expect 2017 company-sponsored pension plans expense to be approximately $110 million‍​.Kroger Co - expect capital investments, excluding mergers, acquisitions and purchases of leased facilities, to be $3.2 to $3.5 billion for 2017.Kroger Co - expect full-year fifo operating margin in 2017, excluding items, to decline approximately 20 to 30 basis points compared to 2016 results.Kroger Co - for 2017, anticipate product cost inflation, excluding fuel; also expect an annualized lifo charge of approximately $80 million.Kroger - for 2017, expect to contribute about $360 million to multi-employer pension funds.  Full Article

Kroger Co approves $1 bln share repurchase program; raises quarterly dividend
Thursday, 22 Jun 2017 11:20am EDT 

June 22 (Reuters) - Kroger Co :Kroger board of directors approves $1 billion share repurchase program; raises quarterly dividend.Sets quarterly dividend of $0.125 per share.Company continues to expect an increasing dividend over time.Board approved a dividend increase from 48¢ to 50¢ per year.  Full Article

Kroger expands recall of 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts
Thursday, 15 Jun 2017 10:00am EDT 

June 15 (Reuters) - Kroger Co ::Expands recall of 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts because of possible health risk.No customer illnesses have been reported to date in connection with recall.Expanded recall of its 12 oz. packages of Simple Truth Dry Roasted Macadamia Nuts due to potential Listeria monocytogenes contamination​.Has expanded this recall to include all stores nationwide.  Full Article

Kroger says ‍currently negotiating agreements with UFCW
Thursday, 15 Jun 2017 08:22am EDT 

June 15 (Reuters) - Kroger Co ::Kroger Co says ‍currently negotiating agreements with UFCW for store associates in Atlanta, Dallas and Food 4 Less warehouse stores​.Kroger-‍negotiations this year will be "challenging" as co must have "competitive cost structures" in the markets while meeting associates' needs.Kroger sees FY fifo operating margin in 2017, excluding items, to decline about 20-30 basis points compared to 2016 results.  Full Article

Kroger Q1 adjusted earnings per share $0.58 excluding items
Thursday, 15 Jun 2017 07:45am EDT 

June 15 (Reuters) - Kroger Co :Kroger reports first quarter results.Q1 sales $36.3 billion versus I/B/E/S view $35.77 billion.Lowers FY 2017 GAAP earnings per share view $1.74 to $1.79.Sees FY 2017 adjusted earnings per share $2.00 to $2.05.Identical supermarket sales growth, without fuel, of -0.2% in Q1 of 2017.Q1 adjusted earnings per share $0.58 excluding items.Q1 earnings per share $0.32.Continues to expect capital investments excluding mergers, acquisitions, purchases of leased facilities, to be in $3.2 to $3.5 billion range for 2017.Over long term, Kroger is "committed to achieving" a net earnings per diluted share growth rate of 8 - 11%, plus a growing dividend.Continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017.Identical supermarket sales in last nine weeks of Q1 were positive, and that has continued in Q2 to date.FY earnings per share view $2.19 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Quest Resource Holding Corp renews food waste recycling contract with the Kroger Co

* Quest Resource Holding Corporation renews food waste recycling contract with the Kroger Co